According to Foresight News, Brazil's digital bank, Nubank, has announced its support for cryptocurrency deposits and withdrawals. The bank's customers can now use the Nubank application to send and receive Bitcoin, Ethereum, and Solana. Nubank has also revealed plans to extend support to more tokens in the near future. This move by Nubank is a significant step towards the integration of cryptocurrencies into mainstream banking services in Brazil. It also reflects the growing acceptance of digital currencies worldwide. However, the bank has not yet specified which additional tokens it plans to support in the future. This announcement by Nubank is expected to encourage other financial institutions to consider integrating cryptocurrency transactions into their services.
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8 sats \ 1 reply \ @0xbitcoiner 23 Apr
Isn't it George Soros who has a stake in this bank?
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32 sats \ 0 replies \ @jp305 OP 23 Apr
In 2021, Buffett’s company, Berkshire Hathaway, purchased 107 million shares of Nu Holdings, the parent company of Nubank, for a total investment of $750 million. Since then, it has not sold a single share. Nu’s share price surged by 106% since the investment, reaching a peak value of over a billion dollars in February 2022. This increase in share price enabled Buffett to make an approximate $250 million in paper profits.
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