• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Thursday, August 18, 2022
CryptoMakers
ADVERTISEMENT
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
  • Altcoin
  • Blockchain
  • Business
  • Regulation
  • Trading
No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
  • Altcoin
  • Blockchain
  • Business
  • Regulation
  • Trading
No Result
View All Result
CryptoMakers
No Result
View All Result

Warren Buffett-Backed Nubank Now Offers Crypto Trading to 54 Million Customers – Featured Bitcoin News

June 30, 2022
in Bitcoin
Reading Time: 3min read
A A
0
Warren Buffett-Backed Nubank Now Offers Crypto Trading to 54 Million Customers – Featured Bitcoin News
0
SHARES
1
VIEWS
ShareShareShareShareShare

Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, is now offering cryptocurrency trading to all of its 54 million customers. Nubank also holds bitcoin on its balance sheet.

Nubank’s Crypto Service Now Available to All Customers

Nubank, one of the world’s largest digital banking platforms, now offers cryptocurrency trading to all clients, according to its blog post, updated Monday. The bank serves around 54 million customers across Brazil, Mexico, and Colombia.

“Nubank Cripto is the solution to buy and sell cryptocurrencies directly through the Nu app,” the bank wrote, adding:

The option to buy cryptocurrencies through Nubank is now available to all our customers. Update your app.

“To help you enter this universe more safely, we decided to offer, first, the largest cryptocurrencies on the market: bitcoin and ether,” the bank added.

Nubank further clarified:

For this launch, Nubank has a partnership with Paxos, an exchange specializing in cryptocurrencies.

The crypto trading option was announced in May. It was launched first in Brazil.

Nubank also announced in May that Nu Holdings, its parent company, has allocated “~1% of its balance sheet cash to bitcoin.”

Warren Buffett’s Berkshire Hathaway is a current shareholder of Nu Holdings. According to its 13F filing with the U.S. Securities and Exchange Commission (SEC), Berkshire’s holdings as of Dec. 31, 2021, included Nu Holdings shares worth more than $1 billion. Berkshire Hathaway also invested $500 million in Nu Holdings in June last year, months before the company went public.

Buffett, however, recently said that he will not invest in cryptocurrencies because they do not produce anything. Meanwhile, Berkshire Vice Chairman Charlie Munger believes that crypto is “stupid and evil.”

What do you think about Warren Buffett-backed Nubank offering crypto to all customers? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It


Credit: Source link

ShareSendTweetPinShare
Previous Post

Grayscale Sues SEC Over Bitcoin ETF Application Rejection

Next Post

SolSea Reborn goes live to revolutionize NFT utility on Solana

Related Posts

Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token – Bitcoin News
Bitcoin

Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token – Bitcoin News

August 18, 2022
Bitcoin’s Mining Difficulty Rises for the Second Time in a Row — It’s Now 0.63% Harder to Find a BTC Block – Mining Bitcoin News
Bitcoin

Bitcoin’s Mining Difficulty Rises for the Second Time in a Row — It’s Now 0.63% Harder to Find a BTC Block – Mining Bitcoin News

August 18, 2022
Coinbase Could Be a Material ‘Beneficiary’ of Ethereum’s Merge Transition, JPMorgan Analyst Says – Finance Bitcoin News
Bitcoin

Coinbase Could Be a Material ‘Beneficiary’ of Ethereum’s Merge Transition, JPMorgan Analyst Says – Finance Bitcoin News

August 18, 2022
ETH Below $1,900 as Ethereum Foundation Comments on Gas Fees – Market Updates Bitcoin News
Bitcoin

ETH Below $1,900 as Ethereum Foundation Comments on Gas Fees – Market Updates Bitcoin News

August 18, 2022
Meta Launches Horizon Worlds Metaverse App in Spain and France – Metaverse Bitcoin News
Bitcoin

Meta Launches Horizon Worlds Metaverse App in Spain and France – Metaverse Bitcoin News

August 18, 2022
Next Post
SolSea Reborn goes live to revolutionize NFT utility on Solana

SolSea Reborn goes live to revolutionize NFT utility on Solana

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Weekly Updates

COIN share price plunges 10% as Coinbase’s net loss widens to $1 billion

Why is USDC market dominance on a fresh decline while Tether’s USDT gaining ground?

August 15, 2022
Uzbekistan Moves to Block Foreign Cryptocurrency Exchanges – Regulation Bitcoin News

Uzbekistan Moves to Block Foreign Cryptocurrency Exchanges – Regulation Bitcoin News

August 11, 2022
Soneva’s Luxury Resorts Now Accept Crypto Payments – Featured Bitcoin News

Soneva’s Luxury Resorts Now Accept Crypto Payments – Featured Bitcoin News

August 17, 2022
Weekly NFT Sales Show Improvement, Fantom and Immutable X NFT Volume Spikes – Markets and Prices Bitcoin News

Weekly NFT Sales Show Improvement, Fantom and Immutable X NFT Volume Spikes – Markets and Prices Bitcoin News

August 14, 2022
Tornado Cash Sanctions May Harm Innocent Users

Tornado Cash Sanctions May Harm Innocent Users

August 16, 2022
XRP Price Continues To Consolidate At $0.53

Stuck for a Couple of Months Below $0.40, XRP Fails to Break Above the Key Resistance

August 16, 2022
CryptoMakers

This is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!

What’s New Here!

  • Blockchain Protocol Algorand Leads $22M Investment Round in Tokenization Firm Koibanx
  • Is Filecoin Network’s Incentive Plan Sustainable? Crypto Analysts Want to Know
  • A new blockchain search engine Ora emerges from Solana hackathon

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptomakers.co.uk - All rights reserved!

No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
  • Altcoin
  • Blockchain
  • Business
  • Regulation
  • Trading

© 2021 cryptomakers.co.uk - All rights reserved!

  • EvedoEvedo(EVED)$0.082301-0.80%
  • SEENSEEN(SEEN)$2.05-2.27%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • CornichonCornichon(CORN)$0.073096-0.86%
  • StacyStacy(STACY)$0.0007100.00%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • lympoLympo(LYM)$0.004392-4.43%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%