Luno now supports Ethereum in South Africa

Bitcoin exchange and online wallet platform, Luno, has announced that it has added support for Ethereum – the second-largest digital currency after Bitcoin.

Customers from over 40 countries, including South Africa, can now easily buy and sell digital currencies like Bitcoin (BTC) and Ethereum (ETH) using the Luno wallet, the company said in a statement.

“It is core to our beliefs that decentralised digital currency will form the basis of the future of finance” said Marcus Swanepoel, co-founder and CEO at Luno.

“Our mission at Luno is to bring digital currencies to everyone, everywhere. It is our view that we will end up with a multi-digital currency world and Ethereum is aligned with this view”.

The announcement follows the company’s recent R9 million Series B announcement and expansion into Europe.

Balderton Capital led the round which followed a R60 million Series A funding round led by Naspers.

Luno said the funding would be used for product refinement and development, and global expansion. The company added it will be hiring in London, Singapore, and Cape Town.


Read: Bitcoin is more valuable than the rand: developer

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