The Science Of ... , Evergreen Content

How Luno outgrew Cape Town for London, handling Bitcoin billions in 40 countries

We tend to not even look at the [Bitcoin] price…

Marcus Swanepoel, CEO - Luno

Our vision is to upgrade the world to a better financial system… We’re focussing on making it really easy for people…

Marcus Swanepoel, CEO - Luno

We’re planning to build a platform that a billion people will be able to use by 2030…

Marcus Swanepoel, CEO - Luno

Luno (formerly BitX) is a company that helps you buy the cryptocurrencies Bitcoin and Ethereum.

The Money Show’s Bruce Whitfield interviewed Marcus Swanepoel, CEO at Luno, for his weekly “How it Works” feature.

Swanepoel cofounded Luno in 2013.

At first, it was based in Cape Town, but it has since moved its headquarters to London.

By the start of 2018, it had processed $5 billion and had more than two million customers in 40 countries.

Listen to the interview in the audio below (and scroll down for more quotes from it).

We think money can become better… People tend to disagree about how we’re going to get there and how long it will take…

Marcus Swanepoel, CEO - Luno

It’s not about speculation but building a more robust financial system…

Marcus Swanepoel, CEO - Luno

People still want that human element…

Marcus Swanepoel, CEO - Luno

We’re a global company… A lot of people are in London, Cape Town and Singapore… We’re hiring people from Google, Amazon…

Marcus Swanepoel, CEO - Luno

Customers are concentrating around high-quality platforms…

Marcus Swanepoel, CEO - Luno

We self-regulate…

Marcus Swanepoel, CEO - Luno

They [funders] are very deep-pocketed and patient… The business model is very sound… We don’t need that much money to build what we need to build… Naspers is still one of our large investors…

Marcus Swanepoel, CEO - Luno

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
How to effortlessly trade rands for Bitcoin and Ethereum

How to effortlessly trade rands for Bitcoin and Ethereum

The Money Show’s Bruce Whitfield interviews Luno Country Manager Marius Reitz.

How cryptocurrencies will fix money, rescue us from tyrants… In maths we trust!

How cryptocurrencies will fix money, rescue us from tyrants… In maths we trust!

Bruce Whitfield interviews Simon Dingle (“In Math We Trust: Bitcoin, Cryptocurrency and the Journey To Being Your Own Bank”).

Bitcoin, Ethereum… Death and taxes; Sars wants in!

Bitcoin, Ethereum… Death and taxes; Sars wants in!

The Money Show’s Bruce Whitfield interviews Ruaan Van Eeden, Managing Director for Tax and Exchange Control at Geneva Management.

Made some money with Bitcoin? Sars is coming for you…

Made some money with Bitcoin? Sars is coming for you…

The Money Show’s Bruce Whitfield interviews Sars Head of Tax Research Randall Carolissen.

How to feel about yourself if you haven’t invested in Bitcoin

How to feel about yourself if you haven’t invested in Bitcoin

Who invests in Bitcoin? Bruce Whitfield plays a satirical parody of a bitcoin investor by internet comedian JP Sears.

Ban Bitcoin! - Nobel Prize winning economist Professor Joseph Stiglitz

Ban Bitcoin! - Nobel Prize winning economist Professor Joseph Stiglitz

The Money Show’s Bruce Whitfield interviews Stiglitz about his latest book and his take on the world and South Africa.

Popular articles
Fikile Mbalula confirms Gupta brother's phone call

Fikile Mbalula confirms Gupta brother's phone call

EWN reporter Theto Mahlakoana unpacks Fikile Mbalula's testimony at the Zondo commission of inquiry into state capture.

This mess that is Eish-kom, is the ANC's doing, says Eusebius

This mess that is Eish-kom, is the ANC's doing, says Eusebius

Eusebius McKaiser and callers discuss Ramaphosa's comment that South Africans will overcome load shedding like they did apartheid.

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.

[WATCH] 'We don't accept white people' says BLF registering for May elections

[WATCH] 'We don't accept white people' says BLF registering for May elections

Black First Land First (BLF) leader Andile Mngxitama made its exclusionist policy clear when registering at the IEC on Wednesday.

'I want the world to know that Mandla was using my daughter for his own gain'

'I want the world to know that Mandla was using my daughter for his own gain'

Reverend Mbongeni Simelane says it has been a difficult time for his family after the abuse of Bongekile 'Babes Wodumo' surfaced.

[VIDEO] Video allegedly showing Mampintsha beating Babes Wodumo creates outrage

[VIDEO] Video allegedly showing Mampintsha beating Babes Wodumo creates outrage

EWN reporter Kgomotso Modise in for Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] A woman gives birth...in a moving car

[WATCH] A woman gives birth...in a moving car

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

 Motshekga to implement 'consequence management' at catastrophic schools

Motshekga to implement 'consequence management' at catastrophic schools

Basic Education Minister Angie Motshekga has called South Africa's education system a "national catastrophe" and a "crisis".