Nu Holdings, often known as Nubank, Latin America’s largest fintech financial institution, has partnered with Lightspark to combine the Bitcoin Lightning Community and UMA (Common Cash Addresses) into its platform. This collaboration goals to reinforce Nubank’s providers by enabling close to real-time, low-cost Bitcoin and fiat transactions, in response to a press launch despatched to Bitcoin Journal.
I’m thrilled that @nubank has chosen @Lightspark to carry the Bitcoin Lightning Community and UMA (Common Cash Addresses) by way of the @umastandard to its platform and clients. Now working with the Nubank staff on the combination. Vamos! https://t.co/yDYJpNXlKR ⚡ pic.twitter.com/HYuuImG08u
— David Marcus (@davidmarcus) June 25, 2024
“We’re excited to play a task in bringing Lightning to Nu’s 100 million clients and including options to make their monetary lives easier and extra environment friendly,” said David Marcus, CEO and co-founder of Lightspark. “At Lightspark, we’re delighted to allow Nubank to maintain evolving its crypto options. It’s additionally been unbelievable to work with the gifted staff at Nu.”
Lightspark’s superior expertise, together with SDKs, APIs, and AI instruments, goals to facilitate seamless integration and optimization of transactions. This partnership aligns with Nubank’s mission to offer environment friendly, cost-effective options for its clients, whereas Lightspark goals to assist Nubank’s evolving Bitcoin providers, in response to the announcement.
“The partnership with Lightspark, which has developed a superb technical answer for the Bitcoin Lightning Community, is one other step in Nubank’s mission to offer one of the best options for our purchasers and reinforce our long-term relationship with all of them,” mentioned Thomaz Fortes, Govt Director at Nubank Cripto. “The long run integration of Lightning underscores Nu’s ongoing mission to supply extra environment friendly providers with better pace and decrease prices via blockchain expertise.”
Lightspark additional emphasised the significance of this partnership in marking one other huge milestone for the Lightning Community, which might see it doubtlessly enhance its general utilization and advancing Nubank’s Bitcoin expertise for its over 100 million clients throughout Brazil, Mexico, and Colombia.