Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
Brazil’s largest digital digital technologies are these electronic tools that have the ability to generate, store or even process data. bank now offers its more than 52 million customers access to Bitcoin and Ether. The new feature is available from the app.
- Nubank launched cryptocurrency buying/selling service.
- Offers Bitcoin and Ether the form of payment used in the operation of the distribution application platform, Ethereum. trading from the mobile app.
- The neobank is backed by Buffett’s Berkshire Hathaway.
As of this week, more than 50 million Brazilians have access to the Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. directly from a mobile application.
Nubank Brazil’s largest digital bank, has officially rolled out cryptocurrency trading features, allowing its 53.9 million customers to buy and sell cryptocurrencies in Brazil. Bitcoin (BTC) and Ethereum a decentralized open-source blockchain with smart contracts functionality. (ETH) directly from the banking application.
The fintech backed by the billionaire and legendary investor, Warren Buffett, had announced in May the launch of the new service in the test stage through a statement on its blog. At the time, the bank gave a select group of customers the ability to access cryptocurrency trading directly from their accounts.
La blog post was updated this week to report the official launch of the new feature. Called “ Nubank Crypto “The new feature is reflected in the updated version of the banking application. “ The option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. to buy cryptocurrencies through Nubank is now available to all our customers. Update your application “, the bank said in the notice.
Nubank brinda acceso a Bitcoin y Ether
Through the section Nubank Crypto users can trade and hold the two main cryptocurrencies by market capitalization: BTC and ETH. Although initially the service only offers support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for these two assets, the platform a place to buy, sell and store cryptocurrency has advanced that may incorporate others in the future.
At the moment, customers of Nubank can only buy, sell or hold their funds in cryptocurrencies, and do not have the option to send funds to external wallets. The app also charges a commission for each purchase or sale transaction that, despite varying, is around 0.02%, as collect Bitcoin Magazine, who tested the new feature.
Users can buy cryptocurrencies with the money they have deposited in their accounts for a minimum price of 1 Brazilian real. In addition, the platform offers a section with educational content about digital assets and Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. designed especially for newcomers. The bank also warned users about the volatility a statistical measure of dispersion of returns, measured by using the standard deviation or variance between returns from that same security or market index. and other risks associated with investing in this market.
Nubank Crypto is a solution for buying and selling cryptocurrencies and promises to simplify and increase access to the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market an area or arena, online or offline, in which commercial dealings are conducted. with the security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. of the established application you already know.
The launch of the new cryptocurrency service from Nubank which is produced in association with Paxful comes amid the growing popularity of the new asset class in Latin America. In a previous interview, CEO David Vélez had highlighted this growing demand and argued that cryptocurrencies could have a “ transformation potential in the region”.
A Buffett-backed fintech
Nubank is the most popular digital bank in Brazil and in 2021 it was the most used banking platform by Brazilians, according to Bitcoin Magazine . The startup is backed by Berkshire Hathaway Warren Buffet’s investment company and was recently made public in the Nasdaq .
According to CNBC Buffett’s firm invested USD$ 500 million in Nubank in June 2021, acquired 30 million shares for $250 million when it went public in December and recently raised its investment to $1 billion.
The neobank now joins the list of banking institutions in Brazil looking to integrate cryptocurrencies. As you remember Bitcoin Maagazine the traditional bank Itaú Unibanco y l nvestment banks BTG Pactual y XP Investments are some of those who have also recently announced efforts to offer Bitcoin to consumers.
- NASDAQ announces partnership with XP to launch new Bitcoin exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. in Brazil
- Spanish exchange Bit2me enters the Brazilian market
- Brazil’s full Senate approves bill to regulate cryptocurrencies
Article by Hannah Estefania Perez / DiarioBitcoin
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