Nu Holdings, known as Nu Bank, the largest fintech bank in Latin America, has partnered with Lightspark to integrate the Bitcoin Lightning Network and UMA (Universal Money Address) into its platform. According to a press release sent to Bitcoin Magazine, the collaboration aims to enhance Nubank’s services by enabling near real-time, low-cost Bitcoin-to-fiat transactions.
I am very happy Nubank Selected Light Spark Bitcoin Lightning Network and UMA (Universal Money Address) Horse Standard Integration into our platform and customers. We are currently working with the Nubank team on the integration. Let’s get started! https://t.co/yDYJpNXlKR ⚡ pic.twitter.com/HYuuImG08u
— David Marcus (@davidmarcus) June 25, 2024
“We’re excited to play our part in bringing Lightning to Nu’s 100 million customers and adding solutions that make their financial lives simpler and more efficient,” said David Marcus, CEO and co-founder of Lightspark. “At Lightspark, we’re pleased to help Nubank continue to evolve their crypto solutions and it’s also been great working alongside the talented team at Nu.”
Lightspark’s advanced technologies, including SDKs, APIs and AI tools, are intended to facilitate seamless integration and optimization of transactions. According to the announcement, the partnership aligns with Nubank’s mission to provide efficient and cost-effective solutions to its customers, and Lightspark aims to support Nubank’s evolving Bitcoin services.
“Partnering with Lightspark, who have developed leading technological solutions for the Bitcoin Lightning Network, is another step towards Nubank’s mission to provide the best solutions to our clients and strengthen long-term relationships with all of our customers,” said Thomaz Fortes, Executive Director of Nubank Crypto. “The future integration of Lightning underscores Nu’s ongoing mission to provide faster, lower-cost and more efficient services through blockchain technology.”
Lightspark further emphasized the significance of this partnership as another major milestone for the Lightning Network, which could boost overall adoption and improve the Bitcoin experience for Nubank’s over 100 million customers in Brazil, Mexico and Colombia.
