Digital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Facebook X (Twitter) Instagram
Trending
  • “How Do I Kelee Gi?”: The Song That Rose From The Rubble Of A Lagos Bomb Blast
  • Hydrogen, Lagos State Govt Power Wellness Drive For Business Owners In Ikeja
  • Tinubu Hails NASENI’s Contributions To National Economy
  • Experts @ABoICT 2025 Warn Of Digital Disaster Risks In Nigeria Without AI Governance
  • NCC Unveils e-Health Project In Akure To Boost Digital Healthcare
  • PalmPay Unveils ‘Passing The Baton’ CSR Initiative To Drive Financial Inclusion In Northern Nigeria
  • Anambra Shines In E-Governance, Ranks Among Top Three States
  • EMOSIM Launches eSIM In Lagos, Heralds New Era Of Global Connectivity And Digital Inclusion
Facebook X (Twitter) Instagram
Digital Times NigeriaDigital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Digital Times Nigeria
Home » Luno Hits 8m Milestone, Records 1.2m New Customers Every Quarter
Fintech

Luno Hits 8m Milestone, Records 1.2m New Customers Every Quarter

DigitalTimesNGBy DigitalTimesNG11 June 2021No Comments3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
LUNO IMAGE 2
Share
Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp

Luno, the leading global cryptocurrency company on a mission to upgrade the world to a better financial system, has announced it has hit a major milestone in its growth, with eight million customers (wallets), achieved in just 12 weeks.

This follows an earlier announcement in April after it reached seven million customers in just seven weeks.

With a major surge in customers from 4mn in December 2020 to 5.1mn in May 2021, Africa accounts for Luno’s largest user base and the platform’s recent figures reinforce the huge appetite for cryptocurrencies across the continent.

Last month, the platform announced it recorded trading volumes of $7bn in Africa alone and installs of the Luno app have soared by 271% on the continent since January 2020.

Marius Reitz, Luno’s General Manager for Africa, commented: “Across Africa, we’re witnessing a huge wave of retail investors step into the crypto market for the first time and that’s potentially due to easier access or the lower minimums required to purchase crypto.LUNO IMAGE

“However, this isn’t just a trend that’s been taking off in Africa, it’s something that’s being replicated across all of our emerging markets but what sets the continent apart is a rapidly growing awareness of how crypto could be the ideal solution for Africa’s unique challenges.”

“Our research last year found 54% of Africans are ready to adopt a global digital currency compared to 41% in Asia and 35% in Europe. This growing demand stems from an understanding that crypto can effectively solve major problems in Africa such as volatile currencies, costly payments and high inflation.

READ ALSO  Economic Uncertainty To Shape 2021 Cybercrime Agenda In Africa- Experts

“At Luno, we believe the core utility of cryptocurrencies to address these issues not only has the potential to completely upgrade Africa’s financial system but will be a key driver in transforming cryptocurrencies from a niche technology to an essential feature of everyday life for all Africans.”

Luno’s global business has also grown rapidly due to the simplicity of its online and mobile platforms, offering education, bank-grade security and self-regulation. It is actively working with regulators and banks to safely increase access to cryptocurrencies.

In recent months, the platform has launched a host of new products and features for its global user base. Earlier this year, Luno announced the launch of USDC – arguably the most secure stable coin on the crypto market known as the “digital dollar”.

Pegged to the US dollar, it marks a major breakthrough specifically for African users through not only enabling them to hedge against the volatility of local currencies but also delivering an upgrade on the functionality of the US dollar by being faster and easier to move across the world.

In March this year, Luno also launched USDC on its Savings Wallet alongside Ethereum, delivering a fresh opportunity for its users to earn up to 7.6% and 4% interest respectively on both coins.

With Luno users already afforded the opportunity to earn up to 4% on their Bitcoin savings, the launch marked the latest drive from the company to deliver alternatives for customers looking to make meaningful savings on their money.

#1.2m Customers #8m Milestone #Cryptocurrency #Luno Africa Fintech
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleNCC Concludes Study On Cost-Based Price Of Int’l Termination Rate Determination
Next Article Mainone Partners STEMCafe To Bring Maker Space To Schools
DigitalTimesNG
  • X (Twitter)

Related Posts

PalmPay Unveils ‘Passing The Baton’ CSR Initiative To Drive Financial Inclusion In Northern Nigeria

30 May 2025

BREAKING: KongaPay Makes Significant Stride, Secures Three ISO Certifications

7 May 2025

PalmPay Pushes For Contactless Payments At BusinessDay Conference

6 May 2025

Experts List Cornerstones For Meaningful Financial Inclusion In Nigeria At PAFON 2.0

22 April 2025

PalmPay, AfriGO Partner To Boost Nigeria’s Financial Inclusion And Digital Economy

11 March 2025

PalmPay Unveils New Experience Centre To Enhance Customer Support

4 March 2025

Comments are closed.

Categories
About
About

Digital Times Nigeria (www.digitaltimesng.com) is an online technology publication of Digital Times Media Services.

Facebook X (Twitter) Instagram
Latest Posts

“How Do I Kelee Gi?”: The Song That Rose From The Rubble Of A Lagos Bomb Blast

31 May 2025

Hydrogen, Lagos State Govt Power Wellness Drive For Business Owners In Ikeja

30 May 2025

Tinubu Hails NASENI’s Contributions To National Economy

30 May 2025
Popular Posts

Building Explainable AI (XAI) Dashboards For Non-Technical Stakeholders

2 May 2022

Building Ethical AI Starts With People: How Gabriel Ayodele Is Engineering Trust Through Mentorship

8 January 2024

Gabriel Tosin Ayodele: Leading AI-Powered Innovation In Web3

8 November 2022
© 2025 Digital Times NG. Designed by Max Excellence LLC.
  • Advert Rate
  • Terms of Use
  • Advertisement
  • Private Policy
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.