Nubank,theBraziliandigitalbankbackedbybillionaireWarrenBuffett,haspartneredwithLightsparktointegratetheBitcoinLightningNetwork.
BraziliandigitalbankNubank,whichisbackedbybillionaireWarrenBuffett,hasannouncedapartnershipwithLightsparktointegratetheBitcoinLightningNetwork.ThisintegrationwillallowNubank’s100millioncustomerstosendandreceiveBitcoinquicklyandatalowercost,makingBitcointransactionsmorepracticalforeverydayuse.OnJune25,LightsparkannounceditscollaborationwithNubanktobeginintegratingtheBitcoinLightningNetwork.Thepartnershipwillalsofocuson“integration,mapping,andbuildingpotentialproducts,”withmoreupdatespromisedinthefuture.ThomazFortes,headofNubank'scryptodivision,stated,“Weaimtouseblockchainforspeedierandcheapermoneytransfers.”Blockchaintechnology,whichsupportscryptocurrencieslikeBitcoin,offersasecurewaytohandletransactions.Aspartofthenewsetup,LightsparkwillintroducetheUniversalMoneyAddress(UMA)standard.Thissystemprovidesuserswithanaddressforsendingandreceivingmoneythatresemblesanemailaddress,simplifyingtheprocessoftransferringcryptocurrencies.DavidMarcus,formerPayPalexecutiveandfounderofLightspark,hasfocusedonmakingtheLightningNetworkaccessibleforlargeenterprises.ThiscollaborationwithNubankisanimportantstepinimprovingtheefficiencyofcryptocurrencytransactions.Nubankhasbeeninvolvedincryptocurrencyforsometime.Thebankallowstradingin14differenttypesofcrypto.Lastyear,itstartedofferingtheseservicesandinvested1%ofitsassetsinBitcoin.Additionally,thebankpartneredwithCircletoofferservicesinvolvingUSDCoin,apopularstablecoin.Mostofthebank’s92millioncustomersareinBrazil,withtherestprimarilyinMexicoandColombia.ThenewBitcoinfeatureisexpectedtoimpacttheseregions,whereinterestincryptocurrenciesisgrowing.LatinAmericahasshownincreasinginterestincryptocurrencies.KaikoResearchindicatesthatmostcryptotradingintheregioninvolvesBraziliancurrency,followedbyMexican,Argentine,andColombiancurrencies.Thebank'sinitiativecouldtapintothisgrowinginterestandpotentiallymakecryptocurrenciesmoremainstream.LightsparkiscurrentlyintheearlystagesofintegratingtheBitcoinLightningNetworkwithNubank’sservices.Whilespecificlaunchdateshavenotbeendisclosed,bothcompanieshavecommittedtoprovidingupdatesastheprojectprogresses.
The above is the detailed content of Nubank and Lightspark Team Up to Enhance Bitcoin Transactions in Latin America. For more information, please follow other related articles on the PHP Chinese website!
Statement：The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
