Brazil’s Nubank Remains Bullish on Crypto

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Brazil’s Nubank Remains Bullish on Crypto

The Brazilian neobank Nubank’s decision to list polygon (MATIC) and uniswap (UNI) on its banking app has been met with enthusiasm. Find out more!

1 Million Brazilians Buy Bitcoin Nubank…


Nubank Reaches 1 Million Cryptocurrency Users in Brazil. Why you need your own crypto wallet to store your Bitcoin.

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Warren Buffett Bought $1B Worth of Stocks of Crypto Bank Nubank


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► Warren Buffett Bought $1B Worth of Stocks of Crypto Bank Nubank
https://www.youtube.com/watch?v=NEyZGsAs5Cs

Warren Buffett’s investment giant has dumped Visa and Mastercard stocks, while acquiring shares of Nubank.

Wait, what is Nunbank?

Nubank is a Brazilian banking organization that serves cryptocurrency.

Well, you might have known Warren Buffett as one of the most prominent investors in America that does not support the crypto industry.

In 2018, he was one of the firsts who called bitcoin “rat poison squared” and was one of the few critics not to reverse their opinion on the asset.

But later on, Warren Buffett’s Berkshire Hathaway has been reported to start supporting Bitcoin.

Recent reports claim the investment company made a few changes to their portfolio in response to the growing financial industry, which could be interpreted as an acceptance of it.

So what changed Warren’s mind?

Luckily for you, Crypto Clipper, we’ve covered for you the story about Warren Buffet’s $1B worth of stocks bought from Crypto Bank, Nubank. Remember, that while the first step is completing any of these amazing videos, the second and possibly more important step is taking action even if it’s imperfect action.

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USDT, Brasil, Nubank! Nucoin! Bitcoin, Cryptocurrencies, On-chain data analysis, NUPL!


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�� #USDT #Brasil

USDT Will Be Available on 24,000 ATMs Across Brazil Starting in November. According to a study from the Instituto Locomotiva, carried out in January 2021, Brazil still has 34 million unbanked adults – that is, people who do not have a bank account or do not use it frequently. Smartpay’s integration of USD₮ into its product will provide millions of people with the opportunity and access to the digital currency ecosystem and new financial revolution.

�� #Nubank #Brasil

Nubank, one of the largest digital banks in the world, has announced it will issue its own cryptocurrency during the first half of 2023. The currency, called Nucoin, will be issued on top of Ethereum with the help of Polygon, a second layer that allows users and developers to take advantage of lower fees, and will be airdropped to 70 million customers of the bank.

�� #Salvador #Study

In a recent study published by José Simeón Cañas Central American University in El Salvador, 77% of respondents say that they want the Salvadoran government to stop “spending public money on Bitcoin.” Moreover, only 24% of respondents say they’ve used Bitcoin as a means of payment since the country’s government recognized it as legal tender last year. The Salvadoran government has spent over $107 million buying Bitcoin to date, according to the Nayib Bukele. Still, despite dollar-cost averaging, the investments are currently only worth $45.7 million following this year’s bear market.

On-chain data

�� Bitcoin Exchange Reserve
�� Stablecoin Exchange Reserve
�� Funding rates
�� Open Interest
�� SOPR
�� LTH (Long Term Holders)
�� STH (Short Term Holders)
�� Fees
�� NUPL (Net Unrealized Profit and Loss)
�� The exchange Whale Ratio
�� MA (Moving Average)
�� RSI (Relative Strenght Index)

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BRAZIL’S LARGEST DIGITAL BANK NUBANK HAS SURPASSED 1 MILLION CRYPTO USERS!


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BRAZIL’S LARGEST DIGITAL BANK NUBANK HAS SURPASSED 1 MILLION CRYPTO USERS ON THEIR PLATFORM IN LESS THAN THREE WEEKS, A MILESTONE THE CEO SAID THEY PLANNED TO REACH IN A YEAR BECAUSE OF THE CRYPTO WINTER.

David Vélez, the CEO of Nubank, confirmed the milestone in a report by NeoFeed. He also said, “Crypto is a growing trend in Latin America, one that we have been following closely and believe will have a transformational impact on the region.”

Brazilian bank Nubank has announced the milestone of hitting one million crypto users in the country within 3 weeks of launching the service. 46.5 million of their users can access the crypto service dubbed NuCripto. The platform allows customers to buy and sell Bitcoin (BTC) and Ethereum (ETH) through a crypto trading and custody service provided by Paxos’ infrastructure.
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