Nubank, Latin America’s largest fintech bank, is making waves in the cryptocurrency world with its latest partnership with Lightspark. The collaboration will see the integration of the Bitcoin Lightning Network and UMA (Universal Money Addresses) into Nubank’s platform, allowing for near real-time, low-cost Bitcoin and fiat transactions.
David Marcus, CEO and co-founder of Lightspark, expressed his excitement about the partnership, stating, “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.”
The advanced technology provided by Lightspark, including SDKs, APIs, and AI tools, will enable seamless integration and optimization of transactions for Nubank’s customers. This partnership aligns with Nubank’s mission to provide efficient, cost-effective solutions, while also supporting the bank’s evolving Bitcoin services.
Thomaz Fortes, Executive Director at Nubank Cripto, highlighted the importance of the partnership, stating, “The future integration of Lightning underscores Nu’s ongoing mission to offer more efficient services with greater speed and lower costs through blockchain technology.”
Overall, this partnership marks a significant milestone for the Lightning Network and could potentially boost its overall usage while enhancing Nubank’s Bitcoin experience for its vast customer base across Brazil, Mexico, and Colombia.
