Nubank Launches Withdrawal Services for Bitcoin, Ethereum, and Solana

The Brazilian megabank Nubank is making waves in the crypto world with its latest announcement of launching withdrawal services for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). This move comes as part of Nubank’s bullish approach towards cryptocurrencies and expanding its services to cater to the growing demand for digital assets.

According to an official notice on the Nubank community page, customers will now be able to send and receive Bitcoin, Ethereum, and Solana directly from their app-based wallets. This service was first announced in December last year and is now live, with plans to add support for more cryptoassets in the near future.

Nubank, the biggest neobank in Latin America with 80.4 million customers in Brazil and a significant presence in Mexico, Colombia, and other LATAM nations, has been steadily venturing into the world of cryptocurrencies. The company’s operator, Nu Holdings, launched on the New York Stock Exchange in December 2021 with a valuation of $45 billion.

With around 20 million crypto wallet-holding customers, Nubank has been actively adding altcoin support to its app and recently introduced the Nucoin token in partnership with the Polygon network. The bank has also announced partnerships with prominent crypto firms like Circle and has shown intentions to buy Bitcoin using its balance sheet.

Nubank’s expansion into the crypto space has been met with enthusiasm from its users, with many seeing the bank as a potential crypto exchange in its own right. As the company continues to grow and innovate in the digital banking sector, its foray into cryptocurrencies is expected to further solidify its position as a leader in the industry.