The co-creator of SA’s first cryptocurrency wallet now oversees the technology of a platform that operates in more than 40 countries. By Nafisa Akabor.
Launched in 2014, cryptocurrency trading platform Luno has “quite literally gone from zero to nearly 2m”, co-founder Timothy Stranex says of the number of global customers it has attracted.
That’s remarkable for a new start-up, but seems to match the explosive growth of digital currencies such as bitcoin.
Luno — which initially launched as BitX — is a digital currency app that has been hailed as SA’s first bitcoin wallet. Its users can buy and sell cryptocurrency through it, and it has stood out in a crowded international market thanks to a simple interface and a secure offline vault that stores bitcoin (in case a user ever loses his or her handset).