The constant fluctuation in the price of bitcoin and other cryptocurrencies won’t affect SA bitcoin exchange Luno and how it operates, says the company’s SA country manager Marius Reitz.
Reitz (pictured above) was speaking to Ventureburn last Thursday (29 November), a day after the price of Bitcoin jumped back by about 15% (over the previous day) to $4300.
In the preceding week bitcoin declined by 35% in seven days, leading to the price of the digital currency being pegged at below $3500 in what CNBC reported as a 14-month low.
Luno facilitates bitcoin storage and transactions through its bitcoin wallet service.
“A 10%, 20% drop […]
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