One of the world’s largest online banks, Brazilian Nubank, has launched the ability to make transactions with cryptocurrencies for its users. The userbase of Nubank is about 54 million individuals and more than one million companies.
The bank decided to start its new vector of development with the launch of the two most popular cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH). In order to buy coins, the bank’s user just needs to enter the Nubank app and make a transaction, having paid the purchase amount and a small commission of about 0.02%.
Nubank explained its choice to offer only Bitcoin and Ethereum trading to its customers by saying that both of these coins together make up 60% of the entire crypto market; limiting the offer to these time-tested cryptocurrencies will provide a safer entry to the market.
Latin American Crypto Saga
In addition to being one of the largest online banks in the world in terms of users, Nubank is also the most expensive digital bank, gaining that status from its IPO in early 2021, when the company was valued at $45 billion.
Stay in the know on crypto by frequently visiting Crypto News Today
The largest funds in the world participate in the capital of the bank and, moreover, the guru of the stock market himself, Warren Buffett, has a weighty share of ownership in it. Nubank’s strong foundation makes it a very solid recruit in the ranks of financial institutions and companies adopting cryptocurrencies.
Brazil itself seems to have moved to a softer stance on cryptocurrencies as well. On June 15, a bill was introduced to recognize cryptocurrencies as a means of payment. At the same time, many companies are already accepting crypto for payment, and soccer clubs, such as San Paolo, are even conducting initial public offerings of their own tokens. Read More at U.TODAY
Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt
