Nubank Brings Lightning-Fast Transactions to 70 Million Users

Nubank, a leading digital bank in Brazil, has integrated the Bitcoin Lightning Network through Lightspark to offer near real-time and low-cost transactions to its 70 million users. This partnership allows customers in Brazil, Mexico, and Colombia to access Bitcoin and fiat transactions at a lower cost.

The integration uses Lightspark's software, which enables demanding institutions to tap into the Lightning Network and reach high transaction success rates. Nubank also uses Paxos for custody and brokerage services.

Nu Holdings, the parent company of Nubank, has allocated 1% of its balance sheet cash to Bitcoin.