Luno commits to publishing monthly reserve reports
Despite there being no legislation compelling Luno to do so, the cryptocurrency firm has said monthly reserve reports will be made available to customers.
Despite there being no legislation compelling Luno to do so, the cryptocurrency firm has said monthly reserve reports will be made available to customers.
Luno says that as many as a 250 000 users are checking the app weekly.
Luno has launched its Large Cap Bundle, allowing customers to access crypto investment bundles for the first time.
Together with PayU, Luno is making it easier to purchase cryptocurrency.
Luno has added support for two new cryptocurrencies.
Christo de Wit has been selected as Luno’s country manager and will build on the growth the firm has enjoyed in South Africa.
According to Luno, the average local crypto buyer is male, spends about R450 on the first purchase and holds onto it for about eight months.
Luno wants to appear more open to new customers so it’s trying to shake up its image and ditch the space theme.
It took Luno five years to reach one million subscribers and since then, growth has skyrocketed.
The scam tries to get users to click a link to a fake Luno website designed to capture credentials.
Luno now boasts seven million wallets and it was recently ranked sixth best exchange by CryptoCompare.
Luno customers who make use of the new savings wallet feature, can earn up to 4 percent interest per annum on their Bitcoin.