The more cryptos develop, the more they are discussed. As a result, its notoriety attracts several companies that have not thought of integrating the sector. Last month, one of the world’s largest digital banks ventured into cryptocurrency, backed by an unlikely personality… Warren Buffett.
Nubank gets encrypted
Investors aim for gains above all else. As a result, when one of the world’s largest digital banks enters the crypto sector, we understand when it sees its potential. In June Nubank launched into cryptocurrency trading and a month later achieved a feat.
Indeed, the company Notice On Tuesday the exchange platform already had a million users. This exceeds the expectations of the digital bank, which expected to reach this figure in one year. Therefore, it reaches its objective eleven months in advance. The Brazilian digital bank has almost 54 million users in three countries in the Americas.
What surprises him the most is that Warren Buffett is one of the main shareholders of Nubank with more than a billion dollars. The CEO of Berkshire Hathaway is known to be completely hostile to digital assets. He went so far as to say that he wouldn’t invest in crypto for anything in the world. However, Brazil seems to be well on its way to welcoming cryptocurrencies.
Brazil, a new cryptocurrency market?
The development of crypto exchange platforms is quite positive in Brazil. Just one month after the launch of Nucripto, the trading platform hits the milestone of one million users. She’s not the only one, though. In fact, Brazil seems willing to accept cryptocurrencies.
Although some are still wary of it, the trend still has hopeful signs. Already in December, the largest e-commerce company in Latin America, Mercado Libre began offering a cryptocurrency exchange in Brazil.
On Monday, Mexico-based crypto exchange Bitso announced that it had reached one million Brazilian users. Given all these developments in this country, one would be tempted to believe that Brazil is the new Eldorado of crypto assets. Let us already recall that Latin America in general is optimistic about the adoption of cryptocurrencies.
El Salvador adopted bitcoin (BTC) as its official currency last year and is sticking to its decision despite difficult times. Could the popularity of trading platforms in this region be a sign that the country is starting to see the potential of crypto?
Warren Buffett supports crypto through Nubank, Brazil’s largest digital bank. In fact, the bank entered the cryptocurrency sector a month ago, and already has a million users on its platform. So, the CEO seems to have come to terms with bitcoin. However, he has said publicly that he would never accept the BTC. So, the confusion remains intact. Meanwhile, the platform continues on its way since it also plans to explore asset signaling.
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The world is changing and adaptation is the best weapon to survive in this turbulent world. As a crypto community manager at the base, I am interested in everything directly or indirectly related to the blockchain and its derivatives. To share my experience and express an area of interest to me, there is nothing better than writing articles that are informative and entertaining at the same time.