The Largest Brazilian Bank Will Open Access to Cryptocurrencies for Customers

In May or July, customers of Brazilian digital bank Nubank, through its partnership with Paxos, will be able to buy, sell and store cryptocurrencies.

The minimum transaction amount will be 1 BRL (~$0.195). At the moment, Ethereum and Bitcoin are available, but in the future the list of cryptocurrencies will be expanded. In addition, it is planned to launch educational resources.

Nubank CEO and founder David Velez noted that cryptocurrencies are becoming more popular in Latin America, transforming the region.

“We have created a secure, simple and intuitive interface that will provide access to new assets,” he added.

Post a Comment