Warren Buffett-Backed Digital Bank Nubank Buys Bitcoin, Adds Trading In App

– Nubank, the largest Brazilian digital bank, now allows customers to buy, sell and hold bitcoin in the banks mobile application.
– The fintech also will allocate 1% of its equity to bitcoin through its parent company Nu Holdings Inc., which is listed on the New York Stock Exchange (NYSE).
– Nubank detailed its reasoning for investing in the Bitcoin ecosystem, stating that Bitcoin holds over 40% of the total market share of all cryptocurrencies and is considered the strongest cryptocurrency due to the weight it carries.
– Cryptocurrency infrastructure company Paxos will provide the necessary trading and custody services for Nubanks offering.
– Nubanks treasury allocation to bitcoin now gives indirect BTC exposure to legendary investor and Bitcoin critic Warren Buffet, chairman and CEO of Berkshire Hathaway.

nubank office 3 Warren Buffett-Backed Digital Bank Nubank Buys Bitcoin, Adds Trading In App
Warren Buffett-Backed Digital Bank Nubank Buys Bitcoin, Adds Trading In App 2

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