Luno Moves to Demystify Cryptocurrencies, Hits 2m Mark

Luno, a leading global cryptocurrency company with presence in Nigeria has reiterated its commitment to make the business of cryptocurrencies a lot easier and safe, just as the company announced its two millionth customers, part of which are from Nigeria.

Luno makes it safe and easy to buy, store and learn about cryptocurrencies like Bitcoin and Ethereum. The company is committed to demystifying cryptocurrencies by educating their customers on the risks and benefits associated with this exciting new technology.

With a team of over 250 spread across three main hubs: Singapore, Cape Town and London, Luno now empowers over two million customers in more than 40 countries worldwide. Luno has a very strong presence in Nigeria where it provides customers with services in Bitcoin and Ethereum.

Customers in Nigeria can buy and sell cryptocurrencies using the local currency.

In the last month alone, more than $302 billion worth of cryptocurrency trades have been completed globally, demonstrating the soaring appetite for the cryptocurrency industry across the world, the company said, adding that Bitcoin, the first and most popular cryptocurrency, now exceeds the $125 billion total market cap.

Co-founder and CEO of Luno, Marcus Swanepoel, said: “Reaching the two million customers is a significant achievement. We strongly believe that by making Bitcoin more accessible through education and by offering a user-friendly, safe platform more and more people across the globe can benefit from of a better financial system.”
According to him, “This milestone demonstrates the growing adoption of cryptocurrencies across the globe and reinforces our aim of reimaging a financial system where money is cheaper, faster and safer with open and equal access for everyone.”

The Luno currently offers three core products, which include Luno Wallet that addresses consumer payments, cryptocurrency conversion and storage; Luno Exchange, which us a professional cryptocurrency trading platform; and Luno Enterprise, a merchant integration that open API’s, institutional investors

Luno is driven by a former Google software engineer,Timothy Stranex and a former Morgan Stanley banker, Marcus Swanepoel.