Nubank will leverage Polygon expertise to create their own loyalty tokens The financial institution introduced that it’ll invite 2k prospects to assist develop the token ecosystem Amidst a bearish market the launch of Nucoin and different adoption associated information has evoked hope for crypto lovers’ Nubank, a fintech group in Brazil introduced a loyalty rewards program utilizing Nucoin as the important thing driver to acknowledge buyer’s loyalty.
Nucoin’s common supervisor Fernando Czapski said, “This venture is one other step forward in our perception within the transformative potential of blockchain expertise and to democratize it, much more, going past the acquisition, sale and upkeep of cryptocurrencies within the Nu app.”
Interestingly, Warren Buffet’s agency Berkshire Hathway – an American multinational conglomerate holding firm with a market cap of $ 615.53 billion bought off its enormous investments in Mastercard and Visa amounting to $3.1 billion in worth.
Nubank will not be the primary financial institution to debut on the planet of crypto and web3. JP Morgan Chase has its own JMC coin. It is a stablecoin that goals to preserve its worth pegged to the greenback. The function of the coin is to switch knowledge between two events seamlessly. The platform has been adopted by 200+ banks.