The more cryptocurrencies evolve, the more they talk about it. As a result, its notoriety attracts several companies that did not plan to integrate the sector. Last month, one of the largest digital banks in the world entered the cryptocurrency, backed by an unlikely personality … Warren Buffett.
Nubank enters cryptocurrencies
Investors are looking mostly for earnings. Consequently, when one of the largest digital banks in the world joins the cryptocurrency industry, we understand when it sees its potential. In June Nubank jumped into cryptocurrency trading and a month later joined a venture.
Indeed, the company has announcement On Tuesday the exchange platform already had one million users. This far exceeds the expectations of the digital bank, which expected to reach this figure in one year. Thus he reaches his goal eleven months in advance. The Brazilian digital bank has nearly 54 million users in three American countries.
What is most surprising is that Warren Buffett is one of Nubank’s largest shareholders with over $ 1 billion. Hathaway Berkshire’s CEO is known to be downright hostile to digital assets. He even went so far as to claim that he wouldn’t invest in cryptocurrencies for anything in the world. However, Brazil seems well on its way to welcoming cryptocurrencies.
Brazil, a new cryptocurrency market?
The development of cryptocurrency exchange platforms is quite positive in Brazil. Just a month after the launch of Nucripto, the trading platform reaches the milestone of one million users. However, it is not the only one. Indeed, Brazil appears receptive to cryptocurrency adoption.
Although some are still wary of it, the trend still shows optimistic signs. As early as December, the largest e-commerce company in Latin America, Mercado Libre began offering cryptocurrency exchange in Brazil.
Bitso, a Mexico-based cryptocurrency exchange, announced on Monday that it had reached one million Brazilian users. In light of all these developments in this country, it would be tempting to believe that Brazil is the new Eldorado of cryptocurrencies. We already remember that Latin America in general seems optimistic about the adoption of cryptocurrencies.
El Salvador adopted bitcoin (BTC) as its official currency last year and is sticking to its decision despite tough times. Could the popularity of trading platforms in this region be a sign that the country is starting to see the potential of cryptocurrencies?
Warren Buffett supports cryptocurrencies through Nubank, Brazil’s largest digital bank. In fact, the bank entered the cryptocurrency industry a month ago and already has a million users on its platform. Therefore, the CEO appears to have come to terms with bitcoin. However, he publicly stated that he would never accept the BTC. Therefore, the confusion remains intact. Meanwhile, the platform continues its journey as it intends to explore asset tokenization as well.
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The world is changing and adaptation is the best weapon to survive in this undulating universe. As the crypto community manager at the base, I am interested in anything directly or indirectly related to the blockchain and its derivatives. To share my experience and introduce a field that fascinates me, nothing better than writing informative articles and relax at the same time.