{"id":54677,"date":"2023-12-13T00:58:38","date_gmt":"2023-12-13T00:58:38","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/crypto\/brazilian-unicorn-nubank-to-launch-crypto-withdrawals\/"},"modified":"2023-12-13T00:58:40","modified_gmt":"2023-12-13T00:58:40","slug":"brazilian-unicorn-nubank-to-launch-crypto-withdrawals","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=54677","title":{"rendered":"Brazilian Unicorn Nubank to Launch Crypto Withdrawals"},"content":{"rendered":"<div>\n<figure id=\"attachment_141351\" aria-describedby=\"caption-attachment-141351\" style=\"width: 1500px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-141351\" class=\"wp-caption-text\">Source: sidneydealmeida\/Adobe<\/figcaption><\/figure>\n<p>The Brazilian neobanking unicorn Nubank will begin allowing its customers to make crypto withdrawals from its platform \u2013 following a deal that will let them trade USD Coin (USDC).<\/p>\n<p>Per Brazil\u2019s Livecoins, the bank has apparently \u201cresponded to calls from the Brazilian Bitcoin community.\u201d<\/p>\n<p>As such, the bank said, it will begin allowing its users to \u201cmake crypto withdrawals\u201d from its banking app \u201cfrom next year.\u201d<\/p>\n<p>On X (formerly Twitter), an online instructor expressed his frustration with Nubank in late November in <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/seiitiarata\/status\/1595748481456640000\" target=\"_blank\">a post<\/a> that caused a stir in the Brazilian crypto world.<\/p>\n<p>The instructor claimed it was unfair that Nubank customers were allowed to buy BTC, but could not use the bank\u2019s app to pay in Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\ude31\ud83c\udde7\ud83c\uddf7 Brazilian Financial Regulator Co-launches Crypto Glossary<\/p>\n<p>The CVM, Brazil\u2019s markets regulator, has co-launched a glossary of crypto-related terms to \u201cstandardize\u201d terminology in the Latin American nation.<a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw\">#CryptoNews<\/a>https:\/\/t.co\/oZsKkAFJPP<\/p>\n<p>\u2014 Cryptonews.com (@cryptonews) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/cryptonews\/status\/1732713814091579460?ref_src=twsrc%5Etfw\">December 7, 2023<\/a><\/p>\n<\/blockquote>\n<h2>Brazilian Banks Making Crypto Moves<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Nubank began adding crypto pairs to its conventional banking app last year. The platform now handles not only BTC and Ethereum (ETH), but also a growing number of altcoins.<\/p>\n<p>However, while customers can trade coins or sell them for fiat, they are still unable to transfer them to other wallets or use them to make payments.<\/p>\n<p>That will change in the New Year, Nubank confirmed in a statement to Livecoins, along with the addition of USDC pairings.<\/p>\n<p>The bank said it would add the USD-pegged stablecoin after striking a cooperation deal with the USD Coin operator Circle.<\/p>\n<figure id=\"attachment_141345\" aria-describedby=\"caption-attachment-141345\" style=\"width: 856px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-141345\" class=\"wp-caption-text\">USDC\u2019s market cap over the past month. (Source: CoinMarketCap)<\/figcaption><\/figure>\n<p>A Nubank spokesperson told the media outlet that it was \u201cresponding to growing demand for the stablecoin among Brazilian users.\u201d<\/p>\n<p>Thomaz Fortes, the Executive Director of Nubank\u2019s crypto arm Nubank Cripto, explained:<\/p>\n<blockquote>\n<p>\u201cWith the new addition, we are beginning to explore future integrations of Nubank Cripto with other services available in our app. We aim to offer even more options and flexibility to our users.\u201d<\/p>\n<\/blockquote>\n<p>Nubank has added support for 11 altcoins in 223. It now handles 15 coins, including Nucoin, its own cryptoasset and loyalty token.<\/p>\n<p>In March, the firm hired David Marcus, Meta (formerly Facebook)\u2019s head of blockchain, as a board member.<\/p>\n<p>Earlier this month, Ita\u00fa Unibanco, Brazil\u2019s largest private bank, announced the launch of a new crypto trading service.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em>Enter your email for our Free Daily Newsletter<\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span><\/p>\n<div class=\"recaptcha-text\">\n        This site is protected by reCAPTCHA and the Google<br \/>\n        Privacy Policy and<br \/>\n        Terms of Service apply.\n    <\/div>\n<\/div><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/brazilian-unicorn-nubank-to-launch-crypto-withdrawals.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: sidneydealmeida\/Adobe The Brazilian neobanking unicorn Nubank will begin allowing its customers to make crypto withdrawals from its platform \u2013 following a deal that will let them trade USD Coin (USDC). Per Brazil\u2019s Livecoins, the bank has apparently \u201cresponded to calls from the Brazilian Bitcoin community.\u201d As such, the bank said, it will begin allowing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":54678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[35],"tags":[],"class_list":{"0":"post-54677","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brazilian Unicorn Nubank to Launch Crypto Withdrawals | Prosfunds<\/title>\n<meta name=\"description\" content=\"Source: sidneydealmeida\/Adobe The Brazilian neobanking unicorn Nubank will begin allowing its customers to make crypto withdrawals from its platform \u2013\" \/>\n<meta name=\"robots\" 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