Brazil’s Nubank introduces crypto services to over 50M clients, plans expansion into greater Latin America

Nubank has collaborated with Paxos, a blockchain infrastructure provider, to allow secure and seamless transactions. 
The new trading feature is expected to kickstart this May.

Nubank, Brazil’s largest digital bank by market value, announced on Wednesday that it would start offering crypto trading services. According to a blog article by Paxos, Nubank users will be able to access crypto buying, holding, and selling capabilities.
The move stamps the company’s authority in digital banking, especially in the South American block. Besides being a publicly-traded company, the neobank is backed by Warren Buffett’s Berkshire Hathaway.
Notably, Buffett’s Berkshire Hathaway bought Nubank stock worth $1 billion in February. 
David Vélez, CEO and co-founder of Nubank said in a statement,
There is no doubt that crypto is a growing trend in Latin America, one that we have been following closely and believe will have a transformational impact on the region. Yet the trading experience i

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