Recently, David Vélez, co-founder of Nubank, informed the Valor website about fintech's interest in entering the world of cryptocurrencies. This is a market that has been growing exponentially and provides the chance to increase the financial inclusion of banks, in addition to reducing expenses in international transactions.
To learn more about Nubank's entry into the world of cryptocurrencies, check out the full article.
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Nubank and digital currencies
Since staying in line with innovations is an important action, Vélez, in the same quoted interview, mentioned the relevance of apply a portion of the financial institution's cash to cryptocurrencies, as a way to align with the bank's competitors digital.
In view of this, Nubank aims to increasingly invest and monitor projects linked to cryptocurrencies and blockchain. However, since it is a new and very risky technology, this digital bank has been directing only 1% of its assets in this segment, and although this value is significant, it is a safe percentage for company.
Investment in cryptocurrencies for Nubank customers
Nubank made available, through its application, the possibility of investing in cryptocurrencies on May 11 of this year. However, aiming at customer safety, and in the case of a market that still has “a lot of noise”, the institution only released the trading of Bitcoin and Ethereum currencies.
What are cryptocurrencies?
Although many are still suspicious of the use of cryptocurrencies, they are already more present in everyday life than one might think. These are currencies, just like money, with the difference that they are completely digital. However, it is not issued by any government, as in the cases of the real and the dollar, for example.
The most famous of all is Bitcoin, which has already surpassed the value of 60 thousand US dollars. In fact, this was the cryptocurrency responsible for popularizing the subject, making many people become millionaires overnight.