Luno is reportedly the firstcryptocurrency exchange, which has received approval from the SecuritiesCommission (SC) of Malaysia. Luno is working on exploring cryptocurrencyopportunities in Africa, and it is to influence everyone's lives.
When talking at AfricaCom 2019,Luno’s CEO Marcus Swanepoel stated, "Africans using traditional currenciesface high transaction costs, inflation and currency devaluation, exorbitantinterest rates and high levels of fraud. Coupled with all this - accessing theexisting system (despite many have a mobile phone and conduct other elements oftheir lives online) is still incredibly restrictive.”
Luno makes it a lot easy to buy,store, and learn about cryptocurrencies. There are over 3 million Luno customers. More than $8 billion transactions are processed so far in differentcountries across the world. Bitcoin andEthereum can be purchased using Luno in three easy steps.
The investors should sign up forthe LUNO wallet either on the Web, iOS, or Android. Then the profile should be set up. The preferred method of payment is a creditor bank transfer to the Luno Wallet. Further, using the deposited money, theinvestor can buy Bitcoin or Ethereum. The cryptocurrency thus purchased is stored securely in a Wallet, and isused to send the crypto to friends.
Moving Bitcoin is more comfortable with Luno. It provides for a new kind of financial freedom. More numbers of investors are investing in Bitcoin as it works like digital gold. Bitcoin is an alternative store of wealth considered good for portfolio diversification and long-term investment.
Some of the top investors andexperts who have worked in famous companies like Google, Amazon, MorganStanley, and Barclays from across the world contribute to Luno. The products are easy to use. Therefore, it provides for a Bitcoinexperience, which is best in itself.
New investors have to juggle"to and fro" the Luno website, the app store, and Google play.
Luno Bitcoin Wallet, Ethereum Wallet, Crypto Exchange, Business, and API are the primary products of Luno. Reference resources mostly used at Bitcoin price, Ethereum price, and Bitcoin Cash price. There is a learning portal from where investors learn about cryptocurrency, Bitcoin, and Ethereum. The learning portal is available in Deutsch, English, Espanol, Francais, Indonesia, Italiano, and Polski. A cryptocurrency glossary is available to help clarify terminologies used in the industry.
As Marcus previously stated,Cryptocurrencies are life-changing for several millions of people in Africa,particularly for the unbanked. We need to see what LUNO might unfold forAfrica.
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