Brazilian fintech unicorn Nubank to start offering crypto services

– Nubank, a Brazilian fintech company, has inked a deal with crypto firm Paxos to start trading crypto.

– The bank is initially offering bitcoin and ether transactions and will start rolling out the new product in May to reach its entire 50 million customer base by end of July.

– Nubank said it intends to add more cryptocurrencies in the future.

– In this new venture, Paxos will act as a custody provider and broker.

– Nu Holdings, the parent company of Nubank, also announced that it purchased an amount of bitcoin equivalent to about 1% of its balance sheet.

20220224 Funding Cryptocurrency Brazilian fintech unicorn Nubank to start offering crypto services
Brazilian fintech unicorn Nubank to start offering crypto services 2

Leave a Reply