Nu Holdings, known as Nubank, the largest fintech bank in Latin America, has partnered with Lightspark to integrate bitcoin Lightning Network and UMA (Universal Money Addresses) into its platform. This collaboration aims to enhance Nubank's services by enabling low-cost, near real-time bitcoin and fiat transactions, according to a press release sent to bitcoin Magazine.
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I'm excited that twitter.com/nubank?ref_src=twsrc%5Etfw”>@nubank has selected twitter.com/lightspark?ref_src=twsrc%5Etfw”>@luzparque to carry bitcoin Lightning Network and UMA (Universal Money Addresses) through twitter.com/umastandard?ref_src=twsrc%5Etfw”>@umastandard to its platform and its clients. Now working with the Nubank team on the integration. Come on! https://t.co/yDYJpNXlKR pic.twitter.com/HYuuImG08u
— David Marcos (@davidmarcus) twitter.com/davidmarcus/status/1805615914274242762?ref_src=twsrc%5Etfw”>June 25, 2024
“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,” said David Marcus, CEO and co-founder of Lightspark. “At Lightspark, we are delighted to allow Nubank to continue evolving its crypto solutions. It has also been fantastic to work with the talented team at Nu.”
Lightspark's advanced technology, including SDKs, APIs, and ai tools, aims to facilitate seamless integration and optimization of transactions. This partnership aligns with Nubank's mission to provide efficient and cost-effective solutions for its customers, while Lightspark aims to support Nubank's evolving bitcoin services, according to the announcement.
“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 strengthen our long-term relationship with all of them,” said Thomaz Fortes. Executive Director of Nubank crypto. “The future integration of Lightning underscores Nu's continued mission to deliver more efficient services with greater speed and lower costs through blockchain technology.”
Lightspark further emphasized the importance of this partnership in marking another major milestone for the Lightning Network, which could potentially boost its overall usage and advance Nubank's bitcoin experience for its more than 100 million customers in Brazil, Mexico and Colombia.
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