Nubank Rolls Out Bitcoin Buying In Brazil

Brazils largest digital bank, Nubank, has rolled out bitcoin buying capabilities to all its 53.9 million customers[1].

The Warren Buffett-backed fintech had announced the feature in May[2] through a blog post, mentioning how the option would be rolled out in phases. At the time, the company also made a treasury allocation to bitcoin.

The blog post[3] was updated on Monday to reflect the new status: all Nubank customers now have access to the Nubank Crypto tab where bitcoin can be negotiated.

The option to buy cryptocurrencies through Nubank is now available to all our customers. Update your app, the updated blog post reads.

References

  1. ^ 53.9 million customers (exame.com)
  2. ^ announced the feature in May (bitcoinmagazine.com)
  3. ^ The blog post (blog.nubank.com.br)
  4. ^ CNBC (www.cnbctv18.com)
  5. ^ Itau Unibanco (labsnews.com)
  6. ^ BTG Pactual (www.mynt.com.br)
  7. ^ XP Investimentos (bitcoinmagazine.com)
  8. ^ preparing for a new set of rules (bitcoinmagazine.com)
  9. ^ overhaul cryptocurrency draft bill (bitcoinmagazine.com)

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