Cryptocurrency platform Luno forays into Italy

Apart from Balderton Capital, AlphaCode and Digital Currency Group also participated in the fresh funding round. The new investors joined the …

Digital currency platform Luno has bolstered its European presence by expanding into the Italian market.

In announcing the launch, Luno cited its own research.

According to the research, 14% of Italians own a cryptocurrency while 42% are interested in purchasing the same.

People aged between 18 and 34 years are particularly familiar with cryptocurrency, with Dash being the most popular among this consumer segment.

Overall, Bitcoin has Italy’s largest market share at 73%.

Ethereum and Ripple holds 28% and 21% of the Italian market, respectively.

Simultaneously, Luno teamed up with Cointelegraph Italia to host lectures regarding cryptocurrency in over 15 universities across Italy.

The move is said to cover various regions of the country such as Roma Luiss, Roma Sapienza and Bocconi.

Luno country manager Italy Maria Woncisz said: “With Italy boasting a healthy appetite for cryptocurrency and the desire to learn more about the digital currency landscape, launching in Italy was the natural next-step as part of our global expansion.”

“At Luno, we always strive to educate our users on the many capabilities and potential this exciting new technology and digital currency provides.

“The university tour will enable us to speak with the very best young minds in the country, ensuring that the next generation will be as informed as possible about digital currencies and their benefits within the financial eco-system.”

Luno expansion

In September 2017, Luno expanded into into 35 markets following a funding round.

It raised $9m in its Series B funding round that was led by London-based VC firm Balderton Capital.

Apart from Balderton Capital, AlphaCode and Digital Currency Group also participated in the fresh funding round.

The new investors joined the existing investor group include Naspers, who led the $4m Series A round, and Southeast Asian venture capital firm Venturra Capital.

The firm intended to use the funds to focus on improving and refining digital currency experience and also to make it easier to buy, store and learn about digital currencies like Bitcoin.

The start-up added that it will now double its existing team of 70 and hire fresh talents across all units.

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Cryptocurrency platform Luno opens Italian location

Global cryptocurrency platform Luno, continued its expansion this week by opening a location in Italy. With over 2.5 million customers (wallets), across …

Global cryptocurrency platform Luno, continued its expansion this week by opening a location in Italy.

With over 2.5 million customers (wallets), across 40 countries, the official launch in Italy comes at a time in which the country’s appetite for cryptocurrency is growing. Research* recently conducted by Luno found one in seven Italians (14 percent) own a cryptocurrency while three in seven (42 percent) are interested in buying the digital currency. More than 60 percent (62%) of people between the ages of 18 and 34 say they are acquainted with cryptocurrency, in particular with Dash, which proved to be the most popular amongst 18-24s.

To continue highlighting the importance of future crypto use within the financial landscape, Luno has partnered with Cointelegraph Italia and will be hosting exclusive lectures in more than 15 universities across all regions of the country. Stops include Roma Luiss, Roma Sapienza and Bocconi. The lectures are set to address a need for more information on cryptocurrency.

“With Italy boasting a healthy appetite for cryptocurrency and the desire to learn more about the digital currency landscape, launching in Italy was the natural next-step as part of our global expansion,” Luno country manager Maria Woncisz said. “At Luno, we always strive to educate our users on the many capabilities and potential this exciting new technology and digital currency provides. The university tour will enable us to speak with the very best young minds in the country, ensuring that the next generation will be as informed as possible about digital currencies and their benefits within the financial eco-system. ”

Luno products and services allow individuals and businesses to buy, store and sell cryptocurrencies such as Bitcoin and Ethereum. Its platform is based on a wallet, exchange and enterprise. Education is also provided.

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[Got Growth?] Square Customers Purchase $52 Million of Bitcoin Using Cash App in Q4 2018

Square has reported its fourth-quarter earnings that beat analysts’ expectations. The Cash App marked a new record. Customers were able to buy $52 …
Square Customers Purchased $52 Million of Bitcoin Using Cash App in Q4 2018

Square has reported its fourth-quarter earnings that beat analysts’ expectations. The Cash App marked a new record. Customers were able to buy $52 million of Bitcoin (BTC) from the Cash App during the last quarter of 2018.

Just in 2018, Bitcoin sales reached $166 million. Every single month has experienced better performance during the last year.

🚨 BREAKING NEWS 🚨

Square customers bought $52 million of Bitcoin on the Cash App in Q4 2018.

Bitcoin sales were over $166 million on the Cash App in 2018, growing every single quarter!

To the moon, @jack! 🚀 pic.twitter.com/he8GViAuUm

— Kevin Rooke (@kerooke) February 27, 2019

It is possible to see that during the first quarter of 2018, Cash App registered around $34 million in purchases from users. The second quarter grew more than 2% reaching $36 million. The third quarter was even better, selling almost $43 million to users.

Since the beginning of 2018, the amount of Bitcoin purchases grew over 52%, even when Bitcoin has been in a bear trend since December 2017. Since that moment, Bitcoin lost more than 80% of its value and the whole crypto market entered a bearish period that lasts until today.

Jack Dorsey, the CEO of Twitter, has lately been involved in the cryptocurrency community. He has been supporting Bitcoin and the Lightning Network (LN) the second layer scaling solution for BTC. He has also accepted to participate in the Lightning Torch initiative that users started on Twitter.

Although Cash App is not the most important part of Circle’s business, it shows that there is genuine interest in Bitcoin.

At the time of writing, Bitcoin has a price of $3,800.

Blockchain Penetrates Retail Trade: Opportunities for Businesses

A 2016 study at the University of Cambridge estimated that there are between 2.9 million and 5.8 million active cryptocurrency wallet users around the …

Some retailers are active in exploring blockchain’s ability to store omnipresent loyalty points in one bag rather than being integrated with isolated membership schemes. The expansion of the points utility makes it easier for customers to track and redeem points and rewards with loyalty programs.

Bitcoin has moved the business stream closer to an exclusively digital, universally accepted payment system through the introduction of the BTC into the financial capital. Users are offered a fast, safe, and economical means of buying and transferring funds on the basis of revolutionary blockchains technology. Because of the acceptability of BTC technology among both consumers and retailers, many companies are willing to use digital money as a preferred exchange mode.

The potential of blockchain technology is enthusiastic for cryptocurrency experts. The applications for individual, business and public offices can define everything from voting to the capital markets one day.

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BTC’s popularity among consumers, businessmen, and investors continue to grow. Although the actual number of people using BTC and other cryptocurrencies is challenging to quantify, academics have formally answered this question. A 2016 study at the University of Cambridge estimated that there are between 2.9 million and 5.8 million active cryptocurrency wallet users around the world.

The number of online retailers that accept Bitcoin Cash (BCH) could be above 944, and the number of brick and mortar retailers around 670, according to a recent Reddit posting that cropped up the numbers for the latest marketers of BCH. The latest statistics on Bitcoin Cash adoption from three websites have been provided by one of Reddit users, probably associated with Bitcoin Cash Association. Since the websites list only some of the same merchants, taking the top brick and mortar retailers is a proper indication of the use of Bitcoin Cash.

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Naturally, the future will show how deeply BTC penetrates international trade. Extensive evaluation has made it an international motto, but there are different challenges to sustainability in the long term. The future of industry regulation is perhaps the biggest threat to the growth of cryptocurrencies. Many countries including China, Sweden, Russia, and India have already restricted BTC. Should aggressive regulation prevail around the world, retailers in all industries will be forced to revise their BTC strategies.

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Bitcoin Exchange Market 2019-2023 Booming Worldwide | Bitstamp, Coinbase, Coinmama …

with the slowdown in world economic growth, the Bitcoin Exchange industry has also suffered a certain impact, but still maintained a relatively …
Bitcoin Exchange

Bitcoin Exchange

with the slowdown in world economic growth, the Bitcoin Exchange industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Bitcoin Exchange market size to maintain the average annual growth rate of *% from XXXX million $ in 2015 to XXXX million $ in 2018, Research analysts believe that in the next few years, Bitcoin Exchange market size will be further expanded, we expect that by 2023, The market size of the Bitcoin Exchange will reach XXXX million $.

Get PDF Sample copy of report at: www.orbisresearch.com/contacts/request-sample/2715347?utm…

This Report covers the Major Players’ data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.

Besides, the report also covers segment data, including: type segment, industry segment etc. cover different segment market size. Also cover different industries clients’ information, which is very important for the Major Players.

Major Players included in this report are:

• Bitstamp

• Coinbase

• Coinmama

• Kraken

• BitFlyer

• BtcBox

• Bit2C

• Luno

• Bitcoin.de

• Bisq

• BitQuick

• Hodl Hodl

• Local Bitcoins

• Paxful

• AnyCoin Direct

• BitPanda

• BL3P

• Kriptomat

• Paymium

• The Rock Trading

• BitFlyer

• Bittrex

• Gemini

• ItBit

Buy this report at: www.orbisresearch.com/contact/purchase/2715347?utm_source…

Segmentation included in this report:

—Product Type Segmentation

• International Exchange

• Local Exchang

—Industry Segmentation

• Personal Users

• Commercial Users

Region Segmentation

• North America Country (United States, Canada)

• South America

• Asia Country (China, Japan, India, Korea)

• Europe Country (Germany, UK, France, Italy)

• Other Country (Middle East, Africa, GCC)

Some major points from table of content:

Section 1 Bitcoin Exchange Definition

Section 2 Global Bitcoin Exchange Market Major Player Share and Market Overview

Section 3 Major Player Bitcoin Exchange Business Introduction

Section 4 Global Bitcoin Exchange Market Segmentation (Region Level)

Section 5 Global Bitcoin Exchange Market Segmentation (Type Level)

Section 6 Global Bitcoin Exchange Market Segmentation (Industry Level)

Section 7 Bitcoin Exchange Market Forecast 2019-2023

Section 8 Bitcoin Exchange Segmentation Type

Section 9 Bitcoin Exchange Segmentation Industry

Section 10 Bitcoin Exchange Cost Analysis

Section 11 Conclusion

Enquire for more details of the report at: www.orbisresearch.com/contacts/enquiry-before-buying/2715…

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