Nu Holdings (Nubank) Strikes Partnership With Lightspark to Add Bitcoin Lightning Network Transactions

NuHoldings(Nubank),a cutting-edge digital bank with a huge presence in Latin America, has struck a key strategic partnership to add Bitcoin Lightning Network

Digitalbank Nu Holdings (Nubank) is adding Bitcoin Lightning Network transactions to its operations through a strategic partnership. Nubank, founded in 2013 and headquartered in São Paolo, Brazil, offers its services in Brazil, Mexico, and Colombia. Its latest announcement marks a significant step in its crypto journey.

According to the announcement, Nubank has integrated the Lightning Network, enabling fast, low-cost, and real-time Bitcoin payments for millions of its customers. "This collaboration will see Lightspark play its part in Nu's quest to bring Lightning to 100 million customers,” said David Marcus, CEO and co-founder of Lightspark in a press release. "We will support Nu as it continues to evolve its crypto solution and grow its footprint in the space."

The partnership will also contribute to Nu's broader goal of expanding its financial services offerings and developing new products, as stated in the announcement. "Our partnership with Lightspark provides the technical solution to cater to our clients and also contributes to Nu's mission of building a long-term relationship with our customers," said Thomas Fortes, executive director at Nubank Crypto, in a statement.

Coinbase recently added Lightning Network

Lightspark is a pioneer in the Lightning Network ecosystem, offering an enterprise-grade solution that combines the strengths of both Bitcoin and fiat payments networks in a cost-efficient manner. Users can access software, Application Programming Interfaces (APIs), and other tools that streamline the integration and customer experience.

One of the recent integrations for Bitcoin Lightning Network was by crypto exchange Coinbase, which announced its support for the solution in April. This integration allows users to send, receive or pay with BTC instantly and directly from their Coinbase accounts.

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