Cryptocurrencies are being discussed more and more as they develop. As a result, many businesses who had not considered integrating the sector are drawn to it because of its renown. One of the biggest digital banks in the world entered the cryptocurrency market this month, supported by an unusual figure. Richard Buffett
Nubank enters the crypto space
Gains are the main objective for investors. We can therefore understand when one of the biggest digital banks in the world decides to invest in the cryptocurrency space when it recognizes its potential. Nubank began trading cryptocurrencies in June and accomplished a milestone a month later.
In fact, the business declared on Tuesday that the exchange platform has one million customers already. The digital bank had projected that this amount would be reached in a year, but this considerably exceeds their predictions. As a result, it accomplishes its goal eleven months earlier. In three American countries, the Brazilian digital bank has approximately 54 million customers.
The fact that Warren Buffett is one of Nubank’s largest owners and has more than a billion dollars to his name is what surprises people the most. Hathaway Berkshire’s CEO is well recognized for having a hostile attitude toward digital assets. He even went so far as to say that he had no desire to invest in cryptocurrencies. But Brazil appears to be making good progress toward accepting cryptocurrency.
A new cryptocurrency market in Brazil?
In Brazil, the growth of cryptocurrency trading platforms is largely good. The trading platform Nucripto reaches the one million user mark just one month after its debut. She is not the only one, though. In fact, Brazil appears open to embracing cryptocurrency.
Despite some people’s continued skepticism, the trend continues to show promising signs. The biggest online retailer in Latin America, Mercado Libre, began providing bitcoin trading in Brazil as early as December.
A Mexican cryptocurrency exchange called Bitso revealed on Monday that it has a million Brazilian users. One might be led to conclude that Brazil is the new Eldorado of crypto assets in light of all these happenings in this nation. Let’s not forget that, in general, Latin America appears positive about the adoption of cryptocurrencies.
El Salvador made bitcoin (BTC) its official currency last year, and despite hardships, it hasn’t wavered from that choice. Could the prevalence of trading platforms in this area be an indication that the nation is starting to recognize the possibilities of cryptocurrencies?
Through Nubank, the biggest virtual bank in Brazil, Warren Buffett promotes cryptocurrency. The bank did really enter the bitcoin market a month ago, and its platform now has one million customers. The CEO appears to have accepted bitcoin as a result. He did, however, publicly declare that he would never take Bitcoin. As a result, the confusion is still present. The platform keeps moving forward in the interim since it also wants to investigate asset tokenization.
