Luno (bitcoin company)

Luno
Headquarters Singapore
Products Bitcoin exchange, Bitcoin wallet service and Bitcoin API.
Website Official website

LUNO (formerly BitX[1]) is a Bitcoin company headquartered in Singapore with operations in Indonesia,[2] Malaysia,[3] Nigeria,[4] South Africa and the United Kingdom.[5][6][7][8]

Luno facilitates Bitcoin storage and transactions such as buying, selling and paying through their Bitcoin wallet services. They also operate exchanges between fiat money and bitcoin.[9]

History

Luno was founded in 2013, completed an SGD $1m (USD $824,000) seed funding round in 2014[10] and raised USD $4m in Series A funding, led by Naspers, in 2015.[11][12]

Luno and PayFast facilitated one of the first crypto-currency integrations into a payment processor in the world.[13]

Products

Luno offers a consumer Bitcoin wallet for Bitcoin transactions and storage. They offer exchange services (buying and selling Bitcoin) in 5 countries[14] and an API[15] for developers to build Bitcoin applications.

References

  1. ↑ "SA-founded bitcoin company BitX rebranded as Luno". Retrieved 2017-02-09.
  2. ↑ Cosseboom, Leighton (4 February 2015). "Indonesian Bitcoin startups must now compete with BitX". Tech in Asia.
  3. ↑ Southurst, Jon (4 November 2014). "BitX Opens Feature-Rich Bitcoin Exchange in Malaysia". CoinDesk.
  4. ↑ Fadoju, Lulu (7 July 2014). "Bitcoin Company, BitX Launches In Nigeria". TechCabal. Retrieved 30 November 2015.
  5. ↑ "UK FCA Sandbox announcement". Luno. Retrieved 2017-02-09.
  6. ↑ Jackson, Tom (10 March 2015). "Could Bitcoin ease the pain of Africa's migrant workforce?". BBC.
  7. ↑ "Bitcoin for the poor". The Economist. 11 June 2014.
  8. ↑ "BitX presence and country support".
  9. ↑ Realini, Carol (14 July 2015). Financial Inclusion at the Bottom of the Pyramid. FriesenPress. p. 188. ISBN 9781460265529.
  10. ↑ Southurst, John (19 August 2014). "BitX to Expand Further in Emerging Markets with New Funding Deal". CoinDesk. Retrieved 19 October 2015.
  11. ↑ Duncan, Alfreds (21 July 2015). "Naspers throws weight behind BitX". Fin24. Retrieved 19 October 2015.
  12. ↑ Jacques, Coetzee (21 July 2015). "Bitcoin startup BitX raises $4m from Naspers". Ventureburn.
  13. ↑ Eaton, Jessica. "South Africa’s PayFast Incorporates Bitcoin as Payment Option". Wall Street Journal.
  14. ↑ "Luno Exchange".
  15. ↑ "Luno API".
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