Cryptocurrency exchange Luno, previously backed by Naspers but now owned by Digital Currency Group, has launched a savings wallet, offering customers interest of up to 4%/year on their bitcoin holdings.
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Bitcoin’s biggest rally in more than a week has pushed it to the brink of $12 000, a key level watched by chartists and technicians.
Deal value in the cryptocurrency world surpassed the total from 2019 in the first six months of the year as tie-ups became less frequent but bigger, according to PwC.
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Having built a customer base of five million in more than 40 countries since launching in Cape Town in 2013, Luno came to dominate the cryptocurrency market in South Africa and other countries.
Naspers-backed cryptocurrency exchange Luno has been acquired by New York-based digital asset investment firm Digital Currency Group.
It’s being driven by payments from small businesses as well as remittances sent home from migrant workers, according to new data.
Promoted | Revix co-founder and CEO Sean Sanders joins TechCentral for a discussion on cryptocurrencies as an investment class and why current world events are underpinning the renewed boom in bitcoin and other cryptos.
Naspers-backed cryptocurrency platform Luno is expanding into Australia as bitcoin rallied 59% this year amid the coronavirus pandemic.
Bitcoin jumped to its highest in over a year on Monday, adding to a 2020 rally that has seen it more than treble in price since March.