Nubank crypto

Brazilian Nubank will open access to crypto for customers

12.05.2022 09:43
by Artem Ustinov
1 min read

Brazilian Nubank will open access to crypto for customers

Brazil’s largest digital bank, Nubank, has announced a partnership with Paxos. During May and July, 50 million digital bank customers from Brazil will be able to buy, sell and store Bitcoin and Ethereum.

It is planned of Nubank to expand the list of supported crypto in the future. To increase the degree of validity of investment decisions, educational resources will be launched. The minimum transaction amount will be 1 BRL (~$0.195).

The controlling company Nu Holdings will allocate 1% of net assets to the purchase of bitcoin as a reserve asset.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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