Luno Africa General Manager: Expected growth in cross-border trade in Africa provides strong support for the use of cryptocurrency and blockchain technology

According to Iafrica, Marius Reitz, general manager of cryptocurrency exchange Luno Africa, said that there are many reasons why cryptocurrency is popular in South Africa. 1. For South Africans, the limitations of the current financial system mean that cross-border remittances are expensive, cryptocurrencies More flexibility; 2. South Africa has established a platform and has a reliable financial infrastructure. He also pointed out that "in Google's search for 'Bitcoin', South Africa ranks second only to Nigeria, and the expected growth in cross-border trade in Africa provides strong support for the use of cryptocurrency and blockchain technology. ”