Luno blog

As Facebook announces the launch of its own cryptocurrency, Libra, we answer a few questions about this massive development.

Over the past few years, we have been monitoring the crypto ecosystem very carefully. We've spoken to the wider community and Luno customers from all over the world to understand what'd you'd like to see on our platform. Through all of this, we have concluded that there are other safe, interesting and valuable crypto instruments that we currently don’t offer on our platform, and as of today, we’re going to change that.

Initial findings from the Luno ‘Future of Money’ survey, which took the views of more than 7000 respondents across Europe, Africa and South-East Asia help explain this phenomenon. As large global tech firms start to move into blockchain and altcoins, the research shows why early adopters, the most important audience for these firms, will probably come from emerging markets.

In short, stablecoins are cryptocurrencies that are, in theory, meant to eliminate the volatility that the more ‘traditional’ cryptocurrencies like Bitcoin are usually associated with. There are many different types with a lot of different pros and cons, which we describe in more detail.

Ever wanted a quick, simple explanation to a complex query? You’re not alone. Here’s why ELI5 is so popular.

The cryptocurrency landscape is still kind of the wild, wild west, so, unfortunately, finding the incorrect information is often easier than finding the truth.