Nubank Collaborates with Lightspark to Implement Bitcoin Lightning Network

Nu Holdings (Nubank) has announced a strategic partnershipwith Lightspark to integrate the Bitcoin Lightning Network into its platform.The collaboration aims to leverage Lightsparks capabilities to enhancefinancial services offered by Nu Holdings, focusing initially on integrating,mapping, and potentially developing new products.

Facilitating Fast Bitcoin Transactions

Lightspark specializes in enterprise-grade solutions foraccessing the Lightning Network, facilitating fast and cost-effective Bitcoinand fiat transactions. Their software development kits (SDKs), APIs, and toolsare designed to simplify integration and optimize transaction success ratesthrough real-time liquidity management and routing.

"The partnership with Lightspark, which has developedan excellent technical solution for the Bitcoin Lightning Network, is anotherstep in Nubank's mission to provide the best solutions for our clients andreinforce our long-term relationship with all of them. The future integrationof Lightning underscores Nu's ongoing mission to offer more efficient serviceswith greater speed and lower costs through blockchain technology." ThomazFortes, Executive Director, Nubank Cripto.

JUST IN: Nubank, the largest fintech bank in Latin America has partnered with @lightspark to integrate the #Bitcoin Lightning Network for its 100 million customers pic.twitter.com/KeVCfb4gwG

Collaboration to Enhance Transaction Efficiency

By partnering with Lightspark, Nu Holdings aims tostreamline its operational focus on delivering superior customer experienceswithout the complexities associated with managing a large-scale Lightningimplementation. This collaboration is expected to offer Nu customers a moreefficient, secure, and economical transaction environment in the future.

"We're excited to play a role in bringing Lightning toNu's 100 million customers and adding solutions to make their financial livessimpler and more efficient. At Lightspark, we're delighted to enable Nubank tokeep evolving its crypto solutions. It's also been fantastic to work with thetalented team at Nu." David Marcus, CEO and co-founder, Lightspark.

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Latin America's Largest Fintech Bank Integrates Bitcoin Lightning Payments Via Lightspark

Nu's 100 million customers will now be able to transact using the Bitcoin Lightning Network.

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Latin Americas Largest Fintech Bank Integrates Bitcoin Lightning Payments

Nu Holdings, known as Nubank, Latin America’s largest fintech bank, has partnered with Lightspark to integrate the Bitcoin Lightning Network and UMA (Universal Money Addresses) into its platform. This collaboration aims to enhance Nubank’s services by enabling near real-time, low-cost Bitcoin and fiat transactions, according to a press release sent to Bitcoin Magazine. Im thrilled that [...]

The post Latin America’s Largest Fintech Bank Integrates Bitcoin Lightning Payments appeared first on Crypto Breaking News.

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USDC Issuer Circle Announces Entry into Brazil's Fintech Sector

Circle, a global financial technology firm and issuer of theregulated stablecoin USDC, has disclosed its official entry into the Brazilianmarket. This strategic manoeuvre aims to offer USD-backed digital currency andinfrastructure to a region known for its burgeoning fintech landscape.

Collaborating with key local enterprises like BTG Pactualand Nubank, Circle intends to introduce digital asset products facilitatingswift, cost-effective, and round-the-clock access to USDC.

Expanding USDC Access in Brazil

This expansion coincides with a period of considerablefintech adoption, propelled by forward-looking policies such as the 2020 launchof the instant payment platform Pix, which boasts a user base exceeding 160million. Stablecoins presently dominate approximately 90% of cryptotransactions. Circle aims to enhance Brazil's financial ecosystem bycollaborating with innovative partners to democratize access to digital dollarsthrough USDC.

As part of its market entry strategy, Circle has partneredwith BTG Pactual, Latin America's largest investment bank, to serve as itsprimary USDC distribution channel in Brazil. This collaboration will enable BTGPactual to provide existing retail and institutional clients with access toUSDC, as well as onboard new clients seeking exposure to the digital currency.

The partnership will also furnish USDC with local bankingrail capabilities, facilitating swift and cost-effective minting and redemptionof digital dollars for businesses.

Since 2017, BTG Pactual has been at theforefront of financial market innovations, actively participating in the cryptospace. Our commitment to innovation led us to create Mynt, our own Cryptotrading platform. We are proud to be the first bank to issue a security tokenand a USD stablecoin in the world and also the first bitcoin fund by afinancial institution in Brazil, said André Portilho, Head Digital Assets atBTG Pactual.

Collaboration Impact in Brazilian Market

Building on its previous announcement of collaboration withNubank, a digital banking platform serving over 100 million customers inBrazil, Mexico, and Colombia, Nubank Crypto customers in Brazil are alreadyengaged in transactions involving USDC.

We are committed to making a positive impact in theBrazilian market and partnering with key stakeholders to empower businesses toparticipate in the global economy with greater ease and efficiency, saidJeremy Allaire, Co-Founder and CEO at Circle.

There are many powerfulopportunities on the horizon when Brazils fintech-forward ecosystem convergeswith the worlds most accessible dollar platform.

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Warren Buffett-Backed Nubank Launches Crypto Trading — Holds Bitcoin on Balance Sheet – Finance Bitcoin News

Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, has launched cryptocurrency trading. Starting with bitcoin and ether, the bank explained that its 54 million customers can “buy, hold and sell cryptocurrency all from the same app, with no need to open new accounts or transfer money.” Nubank Now Offers In-App Crypto Trading […]

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Crypto Flipsider News – UST Loses Peg, LUNA Falls 99.9%, Bitcoin Falls Under $27K, USDT Loses Peg, Australia Finally Gets Spot ETFs, Nubank Launches BTC & ETH Trading, Elon Musk Twitter Purchase Undergoes Scrutiny

Click here to read our crypto flipsider with newest events within the crypto space.

Continue reading Crypto Flipsider News – UST Loses Peg, LUNA Falls 99.9%, Bitcoin Falls Under $27K, USDT Loses Peg, Australia Finally Gets Spot ETFs, Nubank Launches BTC & ETH Trading, Elon Musk Twitter Purchase Undergoes Scrutiny at DailyCoin.com.

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Continue reading Warren Buffett Moves into Crypto: Berkshire Hathaway Invests $1 Billion in Crypto-Friendly Bank at DailyCoin.com.

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Bitcoin is beating Warren Buffett’s 'crypto bet' in 2023

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