Brazilian digital bank Nubank integrates Bitcoin Lightning Network! Received investment from Buffett

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 The policy of continuing to integrate crypto elements is obviously very different from Buffett’s disdainful attitude towards Bitcoin.

Nubank integrates Lightning Network

According to the press release, NuHoldings (Nubank) plans to introduce the Bitcoin Lightning Network into its digital banking system through cooperation with Lightspark, and is still in the stage of integration and building potential products.

Infrastructure service provider Lightspark is committed to providing enterprise-level Lightning Network entrances 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 the Lightning Network into Nubank and provide efficient solutions to its hundreds of millions of users. We are pleased to help Nubank continue to grow. Its encryption solutions are also very pleasant to work 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 is favored by Buffett

Nubank was founded in 2013. Investors in the past few years have included top institutions such as Sequoia Capital, Tencent, Tiger Fund and Berkshire Hathaway. It was selected as one of TIME's top 100 most influential companies in 2021 , has also been selected as one of the top 50 disruptive startups by CNBC and has more than 90 million users in Latin America.

Nubank has been well-known in the crypto field since 2021 due to its investment from Berkshire Hathaway, the investment company owned by the 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 crypto trading platform NubankCripto, and issuing platform coins through Polygon as point tokens for user loyalty reward programs.

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