Luno has kicked-off the first leg of a six-university literacy tour on cryptocurrency at the University of Lagos, with a view to hold its enlightenment campaign in five others before the end of 2019.
The company said its aim is to educate Nigerians about cryptocurrencies, as the cryptocurrency market makes a dramatic comeback globally.
The company, which in January predicted a positive cryptocurrency market in 2019 driven by mass institutional adoption, said the literacy of potential investors in the market is critical to driving increased adoption and confidence in the market.
In a statement on Thursday, the Country Manager of Luno, Owenize Odia, said: “We are committed to educating our customers given the nature of the market and the tendency for people to fall into the wrong hands while online.”
According to Odia, the literacy tour in the University of Lagos had over 300 students participating.
Odia reiterated that the market volatility requires users staying ahead of the curve.
Odia noted that the existing financial system was built for a non-digital age, ignoring the needs of the modern individual.
“Unlike fiat money, bitcoin is decentralised; meaning it does not rely on any central body, government, financial institution or executive body to operate.
“It is peer-to-peer network which relies on blockchain technology, cryptography and advanced mathematics.
“We are contributing by investing heavily into our Luno Learning Portal, which helps the public, the media, and other stakeholders educate themselves about the facts, opportunities, and risks in the cryptocurrency market,” Odia said.
Over 2.5 million people use Luno’s platform to carry out activities like buying and selling of bitcoin and Ethereum.
Also, the company’s learning portal provides valuable informative materials for end-users while ensuring that they have all the knowledge they need to make informed decisions and also protect their investments.
The company noted that it has also carried out Webinars, Meetups and cryptocurrency events to bridge the learning gap both in Nigeria and across Africa, Europe and Southeast Asia and has seen nearly 3 million people registered on its platform.
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