NuBank, the largest fintech bank in Latin America, has announced a groundbreaking move in the digital payments sector: the integration of Lightning payments in Bitcoin via Lightspark.
This innovation will allow NuBank’s 100 million customers to make fast and secure transactions using the Bitcoin Lightning Network, marking a significant step forward in the adoption of cryptocurrencies throughout the region.
Let’s see all the details below.
The future of digital transactions in Latin America: the bank NuBank adopts Bitcoin Lightning Network through Lightspark
As anticipated, Nu Holdings, known as Nubank, the largest fintech bank in Latin America, has announced a new strategic partnership.
The collaboration is with Lightspark, to integrate Bitcoin Lightning Network and Universal Money Addresses (UMA) into its platform. This agreement aims to significantly improve the services offered by Nubank.
Allowing in this way Bitcoin and fiat transactions almost in real-time and at low cost, according to the press release. David Marcus, CEO and co-founder of Lightspark, stated the following regarding this:
“We are excited to play a role in bringing Lightning to Nu’s 100 million customers and adding solutions to make their financial life simpler and more efficient. At Lightspark, we are pleased to enable Nubank to continue evolving its crypto solutions. It has also been fantastic to work with Nu’s talented team.”
The advanced technology of Lightspark, which includes SDK, API, and artificial intelligence tools, is designed to facilitate the integration and optimization of transactions.
Efficient services, greater speed, and lower costs thanks to blockchain technology
This collaboration aligns with Nubank’s mission to provide efficient solutions and convenient services for its customers, while Lightspark aims to support the evolution of Nubank’s Bitcoin services, according to the official announcement.
Thomaz Fortes, executive director of Nubank Cripto, commented:
“The partnership with Lightspark, which has developed an excellent technical solution for Bitcoin Lightning Network, is another step in Nubank’s mission to provide the best solutions for our customers and strengthen our long-term relationship with all of them. The future integration of Lightning underscores Nu’s ongoing mission to offer more efficient services with greater speed and lower costs through blockchain technology.”
Lightspark has also highlighted the importance of this collaboration, which represents a new milestone for Lightning Network.
This partnership could potentially increase the overall adoption of Lightning Network and improve the Bitcoin experience for Nubank customers in Brazil, Mexico, and Colombia.
With over 100 million customers, Nubank is preparing to revolutionize the landscape of digital payments in Latin America, offering faster and more cost-effective solutions thanks to this innovative technology.
Brief focus on the price of Bitcoin
The price of Bitcoin has recently captured the market’s attention following a significant drop, going from $70,000 to less than $60,000 in recent weeks.
This sudden drop has generated a negative sentiment among investors in cryptocurrencies, prompting various analyses and forecasts from industry experts.
A well-known cryptocurrency analyst, TechDev, shared his observations on a key Bitcoin indicator after its drop below $60,000.
Using the social media platform X, TechDev highlighted that the two-week Gauss channel, an indicator of price peaks and momentum, has turned green.
This signal could indicate an imminent parabolic move for Bitcoin, reflecting a trend similar to that observed in 2017, which led to a substantial increase in prices.
TechDev also examined the Chaikin Money Flow (CMF) indicator, which tracks the inflow and outflow of cash in the market.
He noticed that Bitcoin has remained above its ascending trendline for the fourth consecutive time in his four-week chart analysis.
This trend is reminiscent of the patterns observed at the end of 2016, at the beginning of 2013, and in 2011, suggesting a potential explosive movement.
These signals indicate that, despite the recent decline, there are possibilities for a significant recovery for Bitcoin.
