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Accessible in more than 40 nations, including the US. Buy, sell, store, and trade BTC and ETH on the safe cryptocurrency exchange Luno.
The current financial system has numerous unnecessary inefficiencies and gatekeepers because it was designed for a non-digital era and ignores the demands of the modern person. These outdated structures and methods of thinking are being quickly replaced by new technology that the entire globe now has access to, such as decentralised cryptocurrency. Money is now finally catching up to previous information revolutions, much as how communication changed from landlines to mobile phones or from mail to email.
With the help of decentralised cryptocurrencies, we can reinvent the financial system and make the world a better place.
A culture centred on visio
We think that the way the world views and utilises money will alter fundamentally as a result of decentralised cryptocurrencies like Bitcoin and Ethereum. We believe it is our responsibility, as early industry pioneers, to spread this knowledge and excitement as widely as we can.
A certain type of individual, with a particular set of values, is required to take on a challenge of this magnitude.
Customers and operations are unaffected by the unrest at Genesis Capital, according to Luno Africa.
Marius Reitz, the general manager of cryptocurrency exchange Luno Africa, recently reaffirmed that the company has not been impacted by Genesis Capital's decision to suspend withdrawals, just days after promising worried consumers. He said that despite its lending partner's decision to halt withdrawals, Luno consumers still have access to their money in the savings wallet.
Customers Continue to Have Access to Their Savings Wallet Funds
The general manager of the cryptocurrency exchange Luno Africa, Marius Reitz, claims that business as usual is being maintained and that Genesis Capital's decision to halt "redemptions and new loan originations" has had no impact on his organisation. Reitz noted that there haven't been "any notable changes in deposits, withdrawals, or trading volumes" at the exchange controlled by Digital Currency Group (DCG).
Genesis had reportedly halted customer withdrawals "in response to the tremendous market dislocation and lack of industry trust caused by the FTX catastrophe," according to Bitcoin com News. Following Genesis' declaration, which was also owned by DCG and is a lending partner for Luno's savings wallet, speculations that the cryptocurrency exchange might halt withdrawals started to spread.
Initially issuing a statement on Nov. 16 to reassure anxious clients that it had taken steps to ensure access to funds in the savings wallet would be kept "in the event withdrawals from Genesis are not allowed," Luno, which was acquired by DCG in 2020, put an end to the rumours. However, persistent claims that Genesis is struggling to close a $1 billion accounting gap have stoked bankruptcy concerns.
An Independent Operating Division of DCG is Luno
Genesis has already denied considering bankruptcy, but the persistent rumours have reportedly prompted Luno's general manager to refute claims that withdrawals will be frozen. Reitz reportedly mentioned the following in his most recent comments on the subject:
There has been no change to Luno's status as a totally owned, autonomous operating subsidiary of DCG. Customers and business operations at Luno were unaffected at this time.
The cryptocurrency exchange previously stated that users have full access since "all savings wallet money are already on the Luno platform."
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