ENTREPRENEUR: Co-founder of SA’s first bitcoin wallet Timothy Stranex
The co-creator of SA’s first cryptocurrency wallet now oversees the technology of a platform that operates in more than 40 countries
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). Luno was created by a team of five in a small office in Cape Town. It now operates in more than 40 countries. Stranex, who is the company’s chief technology officer, is based in the UK. Soon after the app’s initial rollout in Africa, Luno set its sights on markets such as Singapore, Indonesia, Malaysia, Nigeria and, more recently, the U...
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