📢 Nubank🇧🇷 — Highlights for Launching Cryptocurrency Transfer Feature

📢 Nubank🇧🇷 — Highlights for Launching Cryptocurrency Transfer Feature

Now customers of the Brazilian cloud bank can send and receive cryptocurrencies directly from their wallets.

➡️ Between March 2023 and March 2024, Nubank's cryptocurrency transaction volume grew by 1500%, establishing the bank as one of the largest cryptocurrency platforms in the country.

➡️ The product has been meticulously designed to offer attractive fees, employing a structure that stabilizes the constant fluctuations of the blockchain.

➡️ Currently, the service supports Bitcoin, Ethereum, and Solana. Additional cryptocurrencies and networks will be integrated soon.

➡️ Security: Nubank partners with Chainalysis, a leading blockchain data platform, to closely monitor addresses and prevent any suspicious activity.

➡️ Context: This year, Brazil leads the cryptocurrency trading volume in Latin America, with a volume of 6 million USD (30% of the continent's total). The Brazilian cryptocurrency market currently has 13 bitcoin exchange-traded funds (ETFs), including popular funds from Hashdex and BlackRock. Bitcoin ETFs have been traded in the country since 2021, managing approximately 2.5 billion reais (~ 500 million USD) until March.

#news #Brazil #crypto

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