The trade of 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. y Ethereum a decentralized open-source blockchain with smart contracts functionality. gets the green light at Brazil’s largest digital digital technologies are these electronic tools that have the ability to generate, store or even process data. bank, Nubank. Plus you could add more crypto.
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La crisis del precio de las criptomonedas no detiene a quienes siguen creyendo en ellas. El banco digital más grande de Brasil, Nubank reported that will soon allow customers to purchase Bitcoin y Ethereum. The neobank even hinted at adding more cryptocurrencies in the future, as it writesBeincrypto.
The bank made the announcement on May 11 saying that customers would be able to buy balances in the two cryptocurrencies for a minimum price of 1 Brazilian real. It is now in trial period. It says on its blog:
“Nubank was born to end the complexity of the financial system and give people back control over their own money. When it comes to cryptocurrencies, we know it all seems too complicated and bureaucratic, but it doesn’t have to be. That’s why we created Nubank Crypto, Nubank’s cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. trading solution.
Ease of purchase and sale
Clients will be able to purchase these assets with their existing accounts and will not have to open specialized accounts . This will make it easier to enter the market. The bank also said it may add new cryptoassets in the future. As has been the case with many other existing financial institutions in the past, Paxos will be the partner that facilitates the process.
“Brazilian banking and fintech app @Nubank now offers crypto capabilities powered by Paxos. Nubank is focused on building integrity in the banking system and making cryptocurrencies available to a whole new population.”
Brazilian fintech and banking app @Nubank now offers crypto capabilities powered by Paxos. Nubank is focused on building integrity in the banking system and making crypto available to an entirely new population. Learn more: https://t.co/J0l7lD425i
– Paxos (@PaxosGlobal) May 11, 2022
David Vélez, CEO and co-founder of Nubank , said cryptocurrencies have been growing in popularity and could have transformative effects. He added:
“Cryptocurrencies are a growing trend in Latin America. We have been following the market an area or arena, online or offline, in which commercial dealings are conducted. closely and believe there is transformative potential in the region.”
Nubank and crypto
Nubank is the largest fintech bank in Latin America and, as a neobank, offers a host of innovative products and services. It operates in several companies and among its investors are Sequoia Capital capital is most commonly defined as the large sum of money you would use to invest. y Berkshire Hathaway . It allowed clients to invest investing is when you put money in a financial scheme with the intent of making a gain. in cryptocurrencies earlier, through ETFs.
Interestingly, the information published by the neobank comes at a time when the market is experiencing a significant drop, perhaps the sharpest in recent months. Bitcoin had an early morning low that brought it to USD $26,000, while Ethereum now managed to recover a little bit, as can be seen in the following chart. Cryptomarkets but prices are still down more than 10% from yesterday at the same time.
Sources: Blog Nubank ,Beincrypto, Twitter, archivo
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