Luno is actively addressing the unbanked population in Africa, aiming to offer access to modern financial systems. Marius Reitz emphasizes their goal to improve the continent’s financial landscape, particularly after launching in Kenya.
With local economic challenges, stablecoins, particularly Tether (USDT), are gaining traction in South Africa, outpacing Bitcoin in trading volumes. Luno’s platform supports low-cost USDT transfers, meeting the rising demand for stable assets.
Luno embraces regulatory frameworks, positioning itself as a partner rather than a challenger. The firm believes that clarity in regulation fosters innovation and protects consumers as Africa’s crypto landscape matures.
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