Brazilian neobank Nubank reported that about 1.8 million users from Brazil at least once resorted to the bank’s services to buy cryptocurrencies.
The ability to buy cryptocurrencies in the Nubank mobile application appeared at the end of June. By the end of the next month, about 1 million Brazilians used the new feature, and at the moment, 1.8 million Brazilians bought cryptocurrencies at least once.
At the same time, the total number of Nubank customers exceeded 70 million people. Of these, 66.4 million live in Brazil, 3.2 million in Mexico and 400,000 in Colombia. The number of users of the bank’s investment services exceeded 6 million Nubank CEO and founder David Velez said:
“Our rapid growth is due to the constant search for effective financial instruments by our clients. We attract people with a balance of products and income.”
Note that cryptocurrencies are becoming more and more popular in Brazil. Over the past year, Mercado Libre, PicPay, BTX Pactual, and XP have added the ability to buy digital assets in addition to Nubank. Nubank ranks fifth in terms of the number of users in Brazil.
At the start of the year, Nubank raised a $1 billion investment from US investor Warren Buffett’s Berkshire Hathaway.
Source: Bits
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