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Download logoOn its participation in AfricaCom, the African trade show dedicated to digital technology, the Digital Virgo group (www.DigitalVirgo.com), a
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Marius Reitz, Luno’s Africa General Manager, joined BizNews to talk about the explosive growth of crypto currency trading in Africa – and in particular South Africa. Bitcoin’s price could exceed $50,000 over the longer term as the digital asset vies with gold for investment flows, according to cryptocurrency exchange Luno and brokerage OSL. Bitcoin quadrupled last year, eventually reaching an all-time high of almost $42,000 in early January before sliding back. The rally split opinion, with some commentators pointing to increased interest from long-term investors and others citing speculative buying.
– Jackie Cameron
Marius Reitz on Luno:
The company was founded back in 2013 and went through [a] rebranding exercise. The company was known as BitX back in the day. Then in 2017 [we] rebranded to Luno. Our focus is on making it as safe and easy as possible for people to buy cryptocurrency. So, on Luno, customers can use their local currency – in South Africa or in Nige