Bitcoin network integration for 100 million users

• Nubank integrates Bitcoin Lightning Network to simplify financial transactions.
• The partnership with Lightspark aims to improve the user experience with faster and cheaper payments.

Nubank, Latin America’s largest digital banking platform, has partnered with Lightspark to integrate the Bitcoin Lightning Network, aiming to improve financial transactions for over 100 million customers. This update follows Nu Holdings allocates 1% of its total cash holdings to Bitcoinas previously reported by the CNF.

Additionally, as detailed in today’s YouTube video from CNF, this new collaboration is set to streamline services, facilitating faster and cheaper transfers, and introducing advanced blockchain technology to a broader user base. Both Bitcoin and Nubank focus on developing end-to-end user experiences that make the Lightning Network easier to use.

The partnership is celebrated for its potential to reduce costs and increase transaction speed, positively contributing to the mainstream adoption of Bitcoin, which has seen significant increases in value this year.

Blockchain researcher and cryptocurrency advocate Collin Brown praised this latest news, highlighting Nubank’s partnership with Lightspark to improve financial transactions for 100 million users with Bitcoin Lightning Network. Faster, cheaper and easier payments have received a major upgrade.

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As per the press release of June 25th, the partnership will see both companies work on integration strategies and more to benefit users and developers. Thomaz Fortes, Executive Director of Nubank Crypto, expressed enthusiasm, stating:

The partnership with Lightspark, which has developed an excellent technical solution for Bitcoin Lightning Network, is another step in Nubank’s mission to provide the best solutions to our customers and strengthen our long-term relationship with all of them. Future Lightning integration highlights Nu’s continued mission to deliver more efficient services with greater speed and lower costs through blockchain technology.

In a recent tweetCEO and co-founder of Lightspark, David Marcus expressed his excitement over Nubank choosing Lightspark to bring Bitcoin Lightning Network and UMA (Universal Money Addresses) via Umastandard to its platform and customers, working on integration.

I am thrilled that Nubank has chosen Lightspark to bring Bitcoin Lightning Network and UMA (Universal Money Addresses) via Umastandard to its platform and customers. I am now working with the Nubank team on the integration.

Mirroring a recent CNF report, Nu Holdings has attracted over a million users to its crypto platform, coinciding with a signal of an increase in the price of BTC. At the time of writing, Bitcoin (BTC) is priced at $61,360.79with a 0.31% increase in the last day ea 6.17% decrease in the last week. See the BTC price chart below.

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