Bitcoin Exchange Luno Crowned as Fastest Growing Fintech Startup in the UK
It has been nothing short of excitement for the Luno team as the crypto exchange has been named the fastest-growing startup in the UK at this year’s Tech5 competition organized by The Next Web and Adyen.
Luno Aims Higher: The Fastest Growing Fintech Company in Europe
Luno, the blockchain-based digital currency firm with a presence in various continents of the world, was given the prestigious award at Adyen’s headquarters in the UK on April 20, 2018, after Luno emerged as the tech company with the highest revenue growth of the year.
The official company blog post read:
“We are delighted and incredibly honored to be named UK’s fastest growing startup in the Tech5 competition hosted by TNW and Adyen. Our team have been working tirelessly over the last few years and have been laser-focused on providing the best possible service for our customers. Not only are we really proud to see that recognition paying off, it has further ignited our purpose by validating our role in the future of money.”
The Tech5 competition is organized by The Next Web (TNW), a highly reputable tech media firm, focused on delivering real-time tech news to the world; in conjunction with Ayden, an e-commerce firm that makes it easy for businesses to receive payments globally.
With this victory, Luno now joins the ranks of other reputable firms that have won the prestigious award in the past, including Deliveroo, iZettle, Lyst, Transferwise and many others.
Additionally, the bitcoin exchange has now qualified to compete with other national winners of the Tech5 awards, in a bid to be crowned as the ‘Fastest growing tech company in Europe.’ The competition will conclude at the TNW Conference on May 24, 2018.
The platform also offers users same day withdrawals of fiat to their local bank accounts in a frictionless manner.
UK Getting More Crypto-Friendly
2017 has been dubbed as the year of Bitcoin and fellow cryptocurrencies, whereas the year 2018 has been tagged the year of crypto regulations. Many nations around that world have started formulating laws to govern the digital currency ecosystem.
In February, UK authorities announced their intentions to set up a committee that will carefully look into the impact of digital currencies, such as bitcoin, on its economy. The nation has expressed interests in developing regulations that would protect consumers without stifling innovation.
At that time, Nicky Morgan MP, Chair of the Treasury Committee, asserted “Striking the right balance between regulating digital currencies to provide adequate protection for consumers and businesses, whilst not stifling innovation, is crucial. As part of the inquiry, we will explore how this can be achieved.”
The blockchain and cryptocurrency revolution is gaining momentum with each passing day. Forward-thinking nations like Iceland, Japan, and Malta have latched onto the crypto bandwagon.
Cryptocurrency exchanges play a critical role in the virtual currency industry, and Luno is no doubt doing its best to support the cryptocurrency movement.