Nu Holdings, commonly known as Nubank, the largest fintech bank in Latin America, has partnered with Lightspark to integrate the Bitcoin Lightning Network and UMA (Universal Money Addresses) into its platform. The collaboration aims to enhance Nubank’s services by enabling near-real-time, low-cost bitcoin and fiat currency transactions, according to a press release sent to Bitcoin Magazine.
I am happy with that @nobank He was chosen @lightspark To bring the Bitcoin Lightning Network and UMA (Universal Money Addresses) via @umastandard For its platform and its customers. We are now working with the Nubank team on the integration. Vamos! https://t.co/yDYJpNXlKR ⚡ pic.twitter.com/HYuuImG08u
— David Marcus (@davidmarcus) 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 pleased to enable Nubank to continue developing its cryptocurrency solutions. It has also been great to work with the talented team at Nu.”
Lightspark’s advanced technology, including SDKs, APIs, and AI tools, aims to facilitate seamless integration and optimize transactions. This partnership aligns with Nubank’s mission of providing efficient, low-cost solutions to its customers, while Lightspark aims to support Nubank’s cutting-edge Bitcoin services, according to the announcement.
“Partnering 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 to our customers and strengthen our long-term relationship with all of them,” said Tomaz Fortis. CEO at Nubank Crypto. “The future integration of Lightning underscores Nu’s ongoing mission to deliver more efficient services at greater speed and lower costs through blockchain technology.”
Lightspark also stressed the importance of this partnership in achieving another major milestone for the Lightning Network, which could lead to enhanced end-to-end usage and development of Nubank’s Bitcoin experience for over 100 million customers across Brazil, Mexico and Colombia.