Luno has appointed its chief operating officer, James Lanigan, as its new CEO as it seeks new funding and eyes a stock market listing.
Browsing: Marcus Swanepoel
Luno has established an investment arm, called Luno Expeditions, that it plans to use to invest in fintech, cryptocurrency and Web3 start-ups.
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.
Naspers is leading a US$4m (about R50m) funding round in Bitcoin start-up BitX. The investment is being made through Naspers payments subsidiary PayU, with BitX’s existing investor, Barry Silbert’s Digital Currency Group, also participating in the round
BitX, the Bitcoin exchange launched last year, has released a mobile application that it hopes will help emerging markets better understand and use the cryptocurrency. The app allows anyone to buy or sell Bitcoin and functions as a wallet to store the virtual currency. BitX is headquartered
It appears that Standard Bank is developing a Bitcoin trading portal of some kind. A discussion forum on Reddit suggests that a company called Switchless developed a “full operational and integrated Bitcoin portal system” for the South African