Nubank is a leading neobank that was founded in 2013 and is headquartered in Sao Paolo, Brazil. The bank offers its services in Brazil, Mexico, and Colombia.
In a recent announcement, Nubank has formed a groundbreaking partnership with Lightspark to integrate the Lightning Network, allowing for fast, low-cost, and real-time Bitcoin payments to its millions of customers. David Marcus, CEO and co-founder of Lightspark, expressed excitement about the collaboration, stating that it will help Nubank in its goal to bring Lightning to 100 million customers.
This partnership will also support Nubank’s expansion in the crypto space, according to Marcus. The collaboration between Nubank and Lightspark aims to enhance the Latin America fintech giant’s range of financial services and develop new products.
Thomas Fortes, executive director at Nubank Crypto, emphasized that the partnership with Lightspark provides Nubank with the necessary technical solutions to better serve its clients and foster long-term relationships with its customers. Nubank’s customers will have access to software, Application Programming Interfaces (APIs), and other tools that simplify integration and use.
This move comes after crypto exchange Coinbase also integrated the Bitcoin Lightning Network into its platform in April, allowing users to send, receive, or pay with BTC instantly and directly from their Coinbase accounts.