Brazilian banking app Nubank, which already supports Bitcoin, has recently added five new altcoins to its app. The new tokens are: Ethereum, Bitcoin Cash, Binance Coin, Litecoin, and Stellar Lumens.
Nubank is the most popular banking app in Brazil with over 16 million users. The app also allows its users to make transfers to friends and family, pay bills, and even purchase cryptocurrency.
Nubank announced the news via a company blog post, stating that it is “the first banking app in Latin America to support multiple cryptocurrencies.” The new additions bring the total number of cryptocurrencies supported by the app up to six.
The post also explained that Nubank users would be able to “purchase, store and manage” the supported cryptocurrencies directly from the app. However, the blog post did not specify when users would be able to start making purchases.
Nubank emphasized the importance of cryptocurrency in the global financial system, especially in emerging markets. The post explained that “Latin Americans are increasingly using digital currencies to save, invest, and make payments.”
Nubank’s decision to support more cryptocurrencies is seen as a major step in the mass adoption of digital currencies in Latin America. With the addition of five new coins, NuBank is now supporting a significant portion of the cryptocurrency market and could potentially open the door for more Brazilians to enter the crypto space.
