Nubank adds support for Bitcoin Lightning Network transactions

Nu Holdings (Nubank), a digital bank with a large presence in Latin America, has signed a strategic partnership to add Bitcoin Lightning Network transactions to its operations.

Nubank is a leading neobank founded in 2013 and headquartered in Sao Paolo, Brazil. The bank’s services are spread across Brazil, Mexico and Colombia.

Its latest announcement reveals a groundbreaking partnership with Lightspark.

What does this partnership mean?

In particular, Nubank has integrated the Lightning Network, providing fast, low-cost and real-time Bitcoin payments to its millions of customers.

Lightspark CEO and co-founder David Marcus said the collaboration will play the company’s role in Nu’s quest to bring Lightning to 100 million customers. Marcus added in a press release that Lightspark will help Nubank grow as it develops its crypto solutions.

According to the announcement details, the collaboration between Nubank and the blockchain company will help the Latin American fintech giant expand its range of financial services, including the development of new products.

Thomas Fortes, general manager of Nubank Crypto, said in his statement that the partnership with Lightspark offers Nubank a technical solution that will appeal to its customers. It also helps the digital bank’s mission to build a long-term relationship with its customers.

Coinbase recently added Lightning Network

Lightspark is a pioneer in the Lightning Network ecosystem with its enterprise-grade solution designed to provide a cost-effective payment network for Bitcoin and fiat.

Users have access to software, Application Programming Interfaces (APIs) and other tools that make integration and use easier for customers.

One of the latest integrations for the Bitcoin Lightning Network was made by crypto exchange Coinbase, which announced support for the solution in April. With Lightning, users can send, receive, or pay BTC instantly and directly from their Coinbase account.