In order to integrate Bitcoin Lightning Network transactions into its operations, Nu Holdings (Nubank) has formed a strategic alliance.
Leading neobank Nubank was established in 2013 and has its main office in Sao Paolo, Brazil. Services offered by the bank are dispersed throughout Colombia, Mexico, and Brazil.
Its most recent statement highlights a novel collaboration with Lightspark. Thanks to Nubank’s integration of the Lightning Network, millions of its clients can now make quick, inexpensive, and real-time Bitcoin payments.
According to Lightspark CEO and co-founder David Marcus, the partnership will enable the business to contribute to Nu’s goal of getting Lightning to 100 million users.
Marcus said in a press release that Lightspark will support Nubank’s expansion as it develops its cryptocurrency solutions. The announcement’s specifics state that Nubank and the blockchain startup would work together to help the massive Latin American fintech company expand its financial services portfolio and create new products.
In a statement, Thomas Fortes, executive director of Nubank Crypto, stated that the company’s collaboration with Lightspark provides Nubank with the technological means of serving its customer base. Building a lasting relationship with its clients is another goal that is aided by this for the digital bank.
With its enterprise-grade solution designed to offer an affordable payment network for Bitcoin and cash, Lightspark is a trailblazer in the Lightning Network ecosystem. Users can access resources, such as Application Programming Interfaces (APIs) and software, that make integration and consumer use easier.
The cryptocurrency exchange Coinbase, which declared its support for the solution in April, is one of the organizations that has most recently integrated the Bitcoin Lightning Network. Users can send, receive, or make payments using Bitcoin instantaneously and straight from their Coinbase accounts using Lightning.