Nu Holdings, known as Nubank, Latin America’s largest fintech bank, has partnered with Lightspark to integrate the Bitcoin Lightning Network and UMA (Universal Money Addresses) into its platform. This partnership aims to improve Nubank’s services by enabling near real-time, low-cost Bitcoin and fiat transactions, according to a press release sent to Bitcoin Magazine.
I am very happy with that @nubank has selected @Lightpark to use the Bitcoin Lightning Network and UMA (Universal Money Addresses). @umastandard to its platform and customers. 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 that Nubank can continue to develop its crypto solutions. It was also fantastic to work with the talented team at Nu.”
Lightspark’s advanced technology, including SDKs, APIs and AI tools, aims to facilitate seamless integration and optimization of transactions. This partnership aligns with Nubank’s mission to provide efficient, cost-effective solutions for its customers, while Lightspark aims to support Nubank’s evolving Bitcoin services, according to the announcement.
“The partnership 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 for our customers and strengthen our long-term relationship with them all,” said Thomaz Fortes , Executive Director at Nubank Cripto. “The future integration of Lightning underscores Nu’s ongoing mission to provide more efficient services with greater speed and lower costs through blockchain technology.”
Lightspark further emphasized the importance of this partnership in marking another major milestone for the Lightning Network, potentially increasing its overall usage and enhancing Nubank’s Bitcoin experience for its more than 100 million customers in Brazil, Mexico and Colombia could improve.