Luno, a South African-based Naspers-backed cryptocurrency firm has reached 3 million users and added Bitcoin Cash (BCH) to help its customers to buy, sell and store BCH on the platform.
Launched in 2013 when it built the world’s first fully-integrated crypto wallet, Luno leveraged this infrastructure to create the world’s pre-eminent emerging markets consumer crypto platform. The business has always been cautious with the coins available on the network, valuing customer trust and protecting them from a number of coins with low liquidity which are often open to manipulation.
Following detailed discussions and after taking feedback from customers Luno decided to increase the number of coins available on the Luno ecosystem. The first new coin to be introduced will be BCH, as some customers already have this wallet activated, so it made sense to extend this to the rest of the customer base. Luno customers are now able to buy, sell and store BCH on the platform.
“We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and application of cryptocurrencies. Luno has been part of this change and has listened to, and always worked hard to understand the needs of these developing economies. It is for this reason we have moved to expand our offering of secure and legitimate digital currencies to individuals, enabling cross-functional accessibility and transfer of funds.” – says Marcus Swanepoel, CEO and Co-Founder of Luno.
The expansion will be part of further improvements and developments to the Luno platform, which now has close to three million users globally.
Whilst Luno welcomes new cryptocurrencies onto the platform, the user-experience, functionality and safety will remain at the forefront of everything they do. The coins added are only those with significant credibility that Luno has carefully monitored over recent years.
Luno is a leading global cryptocurrency company on a mission to upgrade the world to a better financial system. With a team of over 250 and currently has its headquarters in London with regional hubs in Singapore and Cape Town.
With over 2.5 million customers (wallets) spanning 40 countries, Luno’s products and services make it safe and easy to buy, sell, store and learn about cryptocurrencies like Bitcoin and Ethereum.
Co-founded by CEO Marcus Swanepoel and CTO Timothy Stranex, Luno has raised over $13m in funding since launch in 2013 and is backed by global tech giant the Naspers Group who led their Series A round and Balderton Capital who led their Series B round, amongst others.