Our mission at Luno is to upgrade the world to a better financial system. We believe decentralised cryptocurrencies, like Bitcoin and Ethereum, will fundamentally change how the world views and uses money. In this episode of the Decrypto podcast, Gareth Cliff is joined by Marius Reitz, Country Manager for Luno’s South African market, to chat about Luno’s history, what we do and our place in the world of cryptocurrency.
Cliff and Reitz discuss various topics ranging from how Luno plans to help upgrade the world to a new financial system, growing the community, and to the pivotal role, education plays in building that ecosystem. We, at Luno, recently announced we’ve surpassed 2 million customers and that we’re seeing a substantial increase in adoption in South Africa. With plans to launch in new countries in 2019, we hope to help contribute to this continuously increasing adoption rate globally.
Key takeaways:
- Decentralised cryptocurrencies like Bitcoin will fundamentally change the way the world uses money.
- Our mission at Luno is to upgrade the world to a better financial system. Just as the communication system scaled from post to email or landline phones to mobile phones, we anticipate the financial system to scale too
One of the most important focal points in the South African context at this point is education about the technology and the industry.
- As cryptocurrency adoption grows and as more people enter this system, we’ll expect to see the Bitcoin price level out and become more stable.
- We at Luno envision the adoption of cryptocurrencies happening over three stages during a 10 to 20 year period. The first stage, currently happening now, is bridging the old with the new. This stage should play out over a period of three to five. The next stage relates to growing the ecosystem. During this stage, we see more and more communities becoming established, and more institutions coming to the party. In the third phase, these use cases should be adopted into the mainstream.
- Cryptocurrencies are a highly volatile, unregulated investment class.
Link to full episode: https://iono.fm/e/628120
Decrypto is a podcast series powered by www.luno.com
