SOUTH AFRICA TRANSFORMING
South Africans are being much more active online. This is why dodgy companies like crowd one are boasting such amazing numbers more than a million in South Africa alone. With most porn being watched in the country as well. But more online companies are from South Africa like educational, e-commerce, trading platforms or exchange websites, gaming website and webinar hosting website , these are but a few of the companies being created daily. South Africa has gone to the internet with more people looking to earn from online work than ever before. A big part of this can be linked to the lockdown and the pandemic. The pandemic has made south Africans more trusting and active on the internet with people who never have made a online transaction before the pandemic making daily internet transactions now. Nor delivery and Uber eats are gaining much more users than ever before. Online banking is also on the rise with the country becoming a leader on the online markets.
WHAT BLOCKCHAIN BRINGS
This exciting growing industry is ready to explode. With a unemployment rate of nearly 60% after 2020 lockdowns. It is only a matter of time before more than 50% of the country is benefiting from some form of online income. When the country then widely adopts crypto and blockchain technology the cyber industry will explode in the country. Blockchain gives people the chance to create and build one platform. That concept was not a widely available opportunity before. This will let the majority of the youth be able to achieve the unimaginable in the near future. Blockchain brings open source coding and a platform to build on. It makes financial transactions saver faster and cheaper while giving users a more secure method of browsing as well.
THE PROBLEM OF BUYING CRYPTO IN SOUTH AFRICA
There are plenty of exchange platforms out there. The more well known being COINBASE or BINANCE .
These platforms gives south Africans be real inexpensive way to purchase crypto currency. The card fees are ridiculously high and on top of that the minimum deposit buy card is so high it's probably one of the biggest reasons South Africans are not actively investing into Crypto markets. These platforms are based internationally and those transactions are not cheap at all. The only platform I've come across that really has the best interest of South Africans in mind has to be Luno .
THE SELUTION
LUNO EXCHANGE WALLET
Luno is connected with all major banking institutions in South Africa. The have multiple ways to make a deposit with instant EFT only not available to FNB and recently Capitec clients. The fees are a bit more than one would wish for but they are much cheaper than the rest. The minimum deposit amount is R10.00 (10 ZAR or $0.66)and to withdraw has no limit as long as fees are payable. They also have a express payout option at an additional R25.00 (Zar @ $1.66)
Withdrawal is then paid into your South African bank account within 2 hours . The normal transaction time for withdrawal being 48 hours . Link has a KYC requirement but allows for non kyc members to do a total of R15000.00 (Zar @ $1000.00) all-time deposits and withdrawals before KYC is compulsory. KYC requires ID card or drivers license or Passport plus proof of residence to be completed.
WHAT LUNO HAS TO OFFER
Luno lets users deposit Rand(Zar)
Into a digital Zar wallet . The user then has the opportunity to buy Crypto directly from this wallet or with P2P via the order book. The platform has the following currencies available for purchase,
BTC, ETH , USDC , BCH , LTC AND XRP. With BTC, ETH and USDC having saving wallets. The savings wallet gives interest to users by means of lending out the savings out into these wallets to trusted 3rd party lenders. The platform gives users wallets some of these being a shared wallet and these have tags or something similar to identify your share of the shared wallets. The platform is growing and is a real easy and reliable way to invest into Crypto markets.
Well that's all from my self Derbycuzxrp till next time have a great day
Tooooooooo the moooooooonnnnn laaaammmmmbbbbbooooo
If you are interested in investing with Luno followy invite link and starts investing today
You're invited!
1. Sign up with my invite link
2. Deposit and buy ZAR 500 in BTC (Luno exchange not included)
3. We both get ZAR 25.00 free BTC
https://www.luno.com/invite/5WE28Y
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