Nubank Introduces Direct Cryptocurrency Transfers

Nubank, has launched a new feature allowing customers to send and receive cryptocurrencies directly from their wallets.

Currently, the service supports Bitcoin, Ethereum, and Solana, with additional cryptocurrencies and networks to be added soon.

Thomaz Fortes, Director of Nubank Crypto, highlighted the significant growth in transaction volume, stating, “We saw a 1500% increase between March 2023 and March 2024.

We’re focusing on customer needs by simplifying the platform and enhancing control over their crypto assets.” This new functionality offers competitive rates and stabilizes blockchain fee fluctuations.

To ensure high compliance standards, Nubank collaborates with Chainalysis, a leading blockchain data platform, to monitor and secure all crypto transactions.

This partnership enhances transaction security by identifying and disrupting suspicious activities. Fortes emphasized Nubank’s commitment to providing secure and reliable services for its customers.