Nubank
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#Circle's teams up with #Nubank to bring $USDC stablecoin access to #Brazil.
The partnership between #Circle and Nubank is focused on incorporating Circle's $USDC stablecoin into the Nubank platform. Nubank's integration of #USDC is geared towards providing its customers with an extra channel for engaging in digital transactions, facilitating cross-border payments, and tapping into the advantages offered by blockchain technology.
đ circle.com/en/pressroom/circle-and-nubank-partner-to-increase-digital-dollar-access-in-brazil
The partnership between #Circle and Nubank is focused on incorporating Circle's $USDC stablecoin into the Nubank platform. Nubank's integration of #USDC is geared towards providing its customers with an extra channel for engaging in digital transactions, facilitating cross-border payments, and tapping into the advantages offered by blockchain technology.
đ circle.com/en/pressroom/circle-and-nubank-partner-to-increase-digital-dollar-access-in-brazil
đ Warren Buffett's Berkshire Hathaway portfolio boasts Nubank as its top-performing stock this year. The pro-cryptocurrency bank, which received a $500 million investment from Berkshire Hathaway in June 2021, has seen its stock surge by over 100% this year. Nubank is known for its cryptocurrency-friendly approach, supporting Bitcoin and altcoin transactions and even launching its own coin, Nucoin. Interestingly, Buffett and Charlie Munger have expressed skepticism toward cryptocurrencies despite Nubank's success. đčđ° #WarrenBuffett #BerkshireHathaway #Nubank #cryptocurrency
Buffett Made $250 Million in Profits From Crypto-Related Fintech Firm Nu Holdings.
Despite his known skepticism towards cryptocurrencies, has made significant profits from his investment in , a leading South American fintech firm that offers a range of crypto services. These services include trading platforms for Bitcoin and Ethereum, a Bitcoin ETF product, and a Nubank loyalty token on the Polygon blockchain. The firm serves more than 1.35 million customers in Brazil, Colombia and Mexico.
In 2021, Buffett's Berkshire Hathaway invested $750 million in Nu Bank's parent company, Nu Holdings, purchasing 107 million shares. Since then, Nu's share price has risen 106%, leading to an estimated $250 million in profits for Buffett. This investment represents approximately 0.1015% of Berkshire Hathaway's $767 billion market capitalization as of November 2, 2023.
Buffett's stance on cryptocurrencies remains skeptical. In an interview on CNBC's Squawk Box in May 2022, he stated that cryptocurrencies "basically have no value and produce nothing." Despite this view, its lucrative venture with Nu Holdings underscores the expanding influence and acceptance of fintech firms and cryptocurrencies in the global financial landscape.
Buffett's criticisms of cryptocurrencies were highlighted during the same interview when he refused to buy all of Bitcoin even if it was offered for $25. But his investment in Nu Holdings, backed by Kevin O'Leary, has proven profitable. This reflects changing dynamics in traditional finance and the rise of fintech firms and cryptocurrencies.
Despite his known skepticism towards cryptocurrencies, has made significant profits from his investment in , a leading South American fintech firm that offers a range of crypto services. These services include trading platforms for Bitcoin and Ethereum, a Bitcoin ETF product, and a Nubank loyalty token on the Polygon blockchain. The firm serves more than 1.35 million customers in Brazil, Colombia and Mexico.
In 2021, Buffett's Berkshire Hathaway invested $750 million in Nu Bank's parent company, Nu Holdings, purchasing 107 million shares. Since then, Nu's share price has risen 106%, leading to an estimated $250 million in profits for Buffett. This investment represents approximately 0.1015% of Berkshire Hathaway's $767 billion market capitalization as of November 2, 2023.
Buffett's stance on cryptocurrencies remains skeptical. In an interview on CNBC's Squawk Box in May 2022, he stated that cryptocurrencies "basically have no value and produce nothing." Despite this view, its lucrative venture with Nu Holdings underscores the expanding influence and acceptance of fintech firms and cryptocurrencies in the global financial landscape.
Buffett's criticisms of cryptocurrencies were highlighted during the same interview when he refused to buy all of Bitcoin even if it was offered for $25. But his investment in Nu Holdings, backed by Kevin O'Leary, has proven profitable. This reflects changing dynamics in traditional finance and the rise of fintech firms and cryptocurrencies.
đČCircle's Trailblazing Expansion: USDC Sets Foot in Brazil with BTG Pactual Partnership!âšđ
Huge news from the crypto frontier! USDC issuer Circle is making waves with its official launch in Brazil, marking a major milestone in its global reach! đđ
And there's more! Circle has established strategic collaborations with stalwarts of the regional financial scene such as Nubank and BTG Pactual, the largest investment bank in Latin America! đŠđ€đȘ
This monumental partnership is set to bolster the acceptance of digital dollars in Brazil and throughout Latin America, paving the way for efficient, inclusive financial services! đ°đ„
Whether you're a seasoned crypto investor or new to the game, Circle's journey is one to watch as they continue to disrupt the world of digital assets, one country at a time! đđ
Stay tuned for the next big leap in Circleâs trajectory! đ«
#CryptoNews #Brazil #Nubank #Blockchain #BTGPactual
Huge news from the crypto frontier! USDC issuer Circle is making waves with its official launch in Brazil, marking a major milestone in its global reach! đđ
And there's more! Circle has established strategic collaborations with stalwarts of the regional financial scene such as Nubank and BTG Pactual, the largest investment bank in Latin America! đŠđ€đȘ
This monumental partnership is set to bolster the acceptance of digital dollars in Brazil and throughout Latin America, paving the way for efficient, inclusive financial services! đ°đ„
Whether you're a seasoned crypto investor or new to the game, Circle's journey is one to watch as they continue to disrupt the world of digital assets, one country at a time! đđ
Stay tuned for the next big leap in Circleâs trajectory! đ«
#CryptoNews #Brazil #Nubank #Blockchain #BTGPactual
