WEALTH CREATION – What are South African doing with their Bitcoins?
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GUEST - Tarris Arnold, Business Development Manager at Luno, South Africa’s largest crypto investment app
South Africans are increasingly using crypto to pay for goods and services according to a new report by Luno, South Africa’s largest crypto investment app and a licensed FSP.
The new Luno report, Bridging digital and fiat - crypto’s role in modern payments, highlights the growth of crypto payments, with retail giant Pick n Pay for instance recording over R1 million in monthly sales paid in crypto from just R25,000 a year ago.
In a recent Luno social media poll, almost 40% of respondents said they used crypto to make payments. This provides an indication of how crypto is being used by those potentially more familiar with crypto than the broader public.
South Africans are increasingly using crypto to pay for goods and services according to a new report by Luno, South Africa’s largest crypto investment app and a licensed FSP.
The new Luno report, Bridging digital and fiat - crypto’s role in modern payments, highlights the growth of crypto payments, with retail giant Pick n Pay for instance recording over R1 million in monthly sales paid in crypto from just R25,000 a year ago.
In a recent Luno social media poll, almost 40% of respondents said they used crypto to make payments. This provides an indication of how crypto is being used by those potentially more familiar with crypto than the broader public.