Key Takeaways
- Nubank has partnered with Lightspark to integrate the Bitcoin Lightning Network.
- The integration aims to provide near real-time and low-cost transactions for over 100 million customers.
- This initiative will benefit Nubank users in Brazil, Mexico, and Colombia.
Nubank partners with Lightspark to integrate the Bitcoin Lightning Network, enhancing transaction speed and reducing costs for its 100 million customers across Brazil, Mexico, and Colombia.
Nu Holdings, commonly known as Nubank, has announced a strategic partnership with Lightspark to integrate the Bitcoin Lightning Network and Universal Money Addresses (UMA) into its services. This initiative aims to revolutionize transactions for Nubank’s extensive customer base of over 100 million users.
The collaboration will provide Nubank customers with near real-time and low-cost transaction capabilities. This integration is set to significantly enhance the financial experience for users across Brazil, Mexico, and Colombia by leveraging Lightning’s efficiency. The announcement was first reported by Bitcoin Magazine.
David Marcus, CEO and co-founder of Lightspark, said:
We’re excited to play a role in bringing Lightning to Nu’s 100 million customers and adding solutions to make their financial lives simpler and more efficient.
Thomaz Fortes, Executive Director at Nubank Cripto, highlighted:
The partnership with Lightspark, which has developed an excellent technical solution for the Bitcoin Lightning Network, is another step in Nubank’s mission to provide the best solutions for our clients and reinforce our long-term relationship with all of them.
The Lightspark blog post further detailed the partnership’s scope, emphasizing the potential for Nubank to create superior customer experiences without the complexity typically associated with managing a large-scale Lightning implementation.
David Marcus expressed his thrill at Nubank’s decision to collaborate with Lightspark, indicating that work on the integration process with the Nubank team is already underway.
