Nubank: in Brazil, it is now possible to buy Bitcoin in banks
Nubank, a digital bank also funded by Warren Buffett, currently has up to 54 million users, all of whom will now be able to easily purchase BTC from their online accounts. To do so, users simply need to update the app and search for the “Nubank Crypto” category.
Bitcoin can then be purchased from the app, but currently, it is not yet possible to withdraw BTC to another wallet.
The feature, added a few days ago, costs 0.02%. Meanwhile, Nubank also added an educational section to the app with content explaining what cryptocurrencies are and the latest industry news.
A company publication says:
“Bitcoin was created with the intention of decentralizing the financial system and influenced all other cryptocurrencies since then. Generally, people compare Bitcoin to gold and tend to store it for the future.”
Nubank, Warren Buffett and their involvement in the crypto world
Last May, a blog post indicated that Nubank had decided to invest in Bitcoin with an allocation in BTC.
Nubank had also stated that it was interested in creating an ETF in Bitcoin and in 2020 acquired Easynvest, the trading platform that has offered Bitcoin ETFs since June 2021.
As much as he is against Bitcoin, this is not the first time that Warren Buffett has invested in cryptocurrency-related projects.
When Nubank was listed on the US stock exchange, Oracle of Omaha invested the first $500 million in the banking company with a return of $150 million in its debut alone.
