The Brazilian fintech bank Nubank collaborates with Lightspark to integrate the Lightning Network for its 100 million customers.
On June 25, Nubank, the largest fintech bank in Latin America, announced a partnership with Lightspark to integrate the Lightning Network and Universal Money Addresses (UMA) on its platform. This collaboration aims to enhance the services offered by Nubank by enabling instant and low-cost transactions in bitcoin and fiat currency.
David Marcus, CEO and co-founder of Lightspark, stated:
“We’re excited to play a role in bringing Lightning to Nu’s 100 million customers and adding solutions to make their financial lives simpler and more efficient.”
Thomaz Fortes, Executive Director of Nubank Crypto, commented:
“The partnership with Lightspark, which has developed an excellent technical solution for the Bitcoin Lightning Network, is another step in Nubank’s mission to provide the best solutions for our clients and reinforce our long-term relationship with all of them.”
Since 2022, Nubank has offered digital assets on its platform. In the same year, Warren Buffet’s company, Berkshire Hathaway, invested $1 billion in the bank, becoming one of the company’s main shareholders.
