Nu Holdings (Nubank), a prominent digital bank across Latin America, has forged a strategic partnership to integrate Bitcoin Lightning Network transactions into its operations. Founded in 2013 and headquartered in São Paulo, Brazil, Nubank offers services across Brazil, Mexico, and Colombia. This recent development marks a significant advancement through its collaboration with Lightspark.
What does this partnership signify?
Specifically, Nubank has integrated the Lightning Network, enabling fast, low-cost, and real-time Bitcoin payments for its millions of customers.
David Marcus, CEO and co-founder of Lightspark, highlighted that the collaboration will support Nubank in bringing Lightning to 100 million customers, advancing its crypto solutions. Marcus emphasized this in a press release.
The partnership aims to enhance Nubank’s financial service offerings in Latin America, including the development of new products.
Thomas Fortes, executive director at Nubank Crypto, stated that the partnership with Lightspark provides Nubank with the necessary technical solution to serve its clients effectively, aligning with the digital bank’s goal of building lasting customer relationships.
Coinbase recently integrated the Lightning Network
Lightspark leads in the Lightning Network ecosystem, offering an enterprise-grade solution for efficient Bitcoin and fiat payments.
Their platform includes software, APIs, and tools that streamline integration and usage for customers.
Coinbase, a prominent crypto exchange, also integrated the Bitcoin Lightning Network in April, enabling users to instantly send, receive, or pay with BTC directly from their Coinbase accounts.
