Nubank to boost deal speeds and scalability with brand-new blockchain innovation.
Brazilian neobank Nubank revealed today a collaboration with Lightspark to incorporate the Bitcoin Lightning Network into their crypto services, intending to improve deal speed and scalability for over 100 million consumers.
“The collaboration with Lightspark, which has established an outstanding technical option for the Bitcoin Lightning Network, is another action within Nubank’s function to deal the finest options to our clients and to strengthen our long-lasting relationship with all of them,” highlighted Thomaz Fortes, Executive Director of Nubank Crypto.
Fortes included that this application backs the neobank’s objective to deal more effective services. Nubank hasactually provided crypto to its clients because late 2022, although it just executed withdrawals in April this year. In March 2023, Nubank introduced its Nucoin token, which is part of a consumer commitment program.
Notably, Nubank got a $500 million financialinvestment from Berkshire Hathaway, the business led by the famous financier and crypto critic Warren Buffett.
“Enabling over 100 million Nubank consumers to gainaccessto services that make their monetary lives easier and more effective through Lightning is something distinct and makes us incredibly proud. At Lightspark, we are delighted to allow the advancement of brand-new services from the crypto universe togetherwith Nu’s talented group,” commented David Marcus, CEO and co-founder of Lightspark.
The statement highlights that this is a