Luno Hits 3 Million Users, Expands Offering with the Addition of Bitcoin Cash
The number of customers on the Luno network has crossed the 3 million mark. This is happening about a year after the crypto-based company announced that it now had 2 million customers on its network.
Luno also recently added the Bitcoin Cash (BCH) to its network to allow its users buy, sell or trade BCH on the platform. This also makes it easy for its customers to buy products with Bitcoin Cash from their wallet considering that most of these customers already have the Bitcoin wallet.
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.Marcus Swanepoel, CEO and Co-Founder of Luno
Since its launch in 2013, Luno has worked at its vision of enabling people experience the open and equal financial access that is possible with the power of digital currency.
The company built the world’s first fully-integrated crypto wallet and has gone on to deploy other products that leverage the functionalities of the crypto wallet. Some of the products developed since then include the Bitcoin wallet, Ethereum wallet and Luno exchange.
Presently, customers can trade Ethereum, Bitcoin and Bitcoin Cash on the company’s network. In a press release by Luno, the addition of the BCH as well as other coins which will be added afterwards are all part of further improvements and developments to the cryptocurrency platform.
According to the company, the addition of coins will be done through a process that ensures that customers are protected from coins with low liquidity and coins that are prone to manipulation. The new additions will only be coins that Luno has monitored over the years and is assured of their credibility.
Besides protecting the trust of its customers, Luno has also made it a priority to preserve the simplicity and effectiveness of its user experience.
As it adds more services and products for its users to enjoy, the cryptocurrency company’s efforts will also be directed at helping more people see the many options available with the use of digital currencies.
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