After cooperating with encryption companies such as Circle and Polygon, Brazilian digital bank Nubank introduced the Lightning Network this time through the infrastructure service provider Lightspark. Buffett's Berkshire Hathaway has twice invested in Nubank. The latter's continuous integration of encryption elements is obvious. This is completely different from Buffett’s disdainful attitude towards Bitcoin.
Nubank integrates with Lightning Network
According to a press release, Nu Holdings (Nubank) plans to introduce the Bitcoin Lightning Network into its digital banking system through cooperation with Lightspark. It is still in the stage of integration and building potential products.
Infrastructure service provider Lightspark is committed to providing enterprise-grade Lightning Network access to enable near-real-time, low-cost Bitcoin and fiat currency transactions.
David Marcus, CEO and co-founder of Lightspark, said:
We are excited to play a role in integrating Lightning Network into Nubank and provide efficient solutions to its hundreds of millions of users. It’s a pleasure to help Nubank continue to grow its crypto solutions and it’s been a pleasure working with Nubank’s talented team.
Thomaz Fortes, executive director of Nubank Cripto, pointed out that future Lightning Network integration will enable Nubank to achieve more efficient transactions and reduce costs through blockchain technology.
Nubank wins Buffett's favor
Nubank has been well known in the crypto field since 2021 when it received investment from Berkshire Hathaway, an investment company owned by investor Warren Buffett.
Not only does Nubank’s business include Bitcoin ETFs in Latin America, but it has since cooperated with crypto companies such as Circle and Polygon, including introducing USDC to its cryptocurrency trading platform Nubank Cripto, and issuing platform coins through Polygon as points for user loyalty reward programs. Token.
(Circle partners with Brazilian digital bank Nubank to increase $USDC adoption in Latin America)
Nubank was founded in 2013. Its investors in the past few years have included top institutions such as Sequoia Capital, Tencent, Tiger Management and Berkshire Hathaway. It was selected as one of TIME's top 100 most influential companies in 2021, and has also been selected by CNBC as one of the 50 most disruptive new companies. startup with over 90 million users in Latin America.
This article, invested by Buffett, Brazilian digital bank Nubank will integrate the Bitcoin Lightning Network first appeared on Chain News ABMedia.
