Warren Buffet-backed Nubank adds Lightning Network to 100 million customers
Brazilian neobank Nubank announced today a partnership with Lightspark to integrate the Bitcoin Lightning Network into their crypto services, aiming to enhance transaction speed and scalability for over 100 million customers.
“The partnership with Lightspark, which has developed an excellent technical solution for the Bitcoin Lightning Network, is another step within Nubank’s purpose to offer the best solutions to our customers and to reinforce our long-term relationship with all of them,” highlighted Thomaz Fortes, Executive Director of Nubank Crypto.
Fortes added that this implementation endorses the neobank’s mission to offer more efficient services. Nubank has offered crypto to its customers since late 2022, although it only implemented withdrawals in April this year. In March 2023, Nubank launched its Nucoin token, which is part of a customer loyalty program.
Notably, Nubank received a $500 million investment from Berkshire Hathaway, the company led by the legendary investor and crypto critic Warren Buffett.
“Enabling over 100 million Nubank customers to access solutions that make their financial lives simpler and more efficient through Lightning is something unique and makes us extremely proud. At Lightspark, we are thrilled to enable the development of new services from the crypto universe alongside Nu’s talented team,” commented David Marcus, CEO and co-founder of Lightspark.
The announcement highlights that this is a significant step in Blockchain technology utilization within Nubank’s offerings. The technical teams from both companies will explore further blockchain-based solutions to continue improving Nubank’s app functionality.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP’s 16-Day $3 Surge Sparks Hopes of Breaking All-Time Highs

Trump turns on ‘buddy’ Putin over Ukraine, says he’ll slap Russia with sanctions now
Share link:In this post: Trump warned he may hit Russia with new sanctions after fresh missile attacks on civilians. Trump met with Zelenskyy in Rome and called the meeting productive, but gave no full details. Trump offered a peace deal that includes recognizing Crimea as Russian territory, which Zelenskyy rejected.
Trump’s economic and geopolitical failures took center stage at Pope Francis’ funeral
Share link:In this post: Trump’s economic and diplomatic tensions took over the spotlight at Pope Francis’ funeral. Trump met briefly with Zelenskyy, Macron, and Starmer during the service but made little progress. Trump skipped a second meeting with Zelenskyy and left Rome quickly after the Mass.

Elon Musk and Nobel laureates call for investigation into OpenAI’s nonprofit mission
Share link:In this post: Elon Musk called OpenAI restructuring plan the “scam of the century” after experts oppose it. Legal and AI experts have called on Attorneys General of Delaware and California to OpenAI core mission as a non-profit. Concerns about Open AI deviating from its non-profit origins is not limited to Musk.

Trending news
MoreCrypto prices
More








