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Highlights
- Nubank taps Lightspark to deploy the Bitcoin Lightning Network for users.
- The move is targeted at users and developers increasing transfer speeds.
- Both firms laud the partnership tipping lower-cost transactions.
Latin American largest digital banking platform, Nubank has announced a partnership with Lightspark to onboard Bitcoin Lightning Network to its service. This move seeks to integrate the lightning network to over 100 million customers increasing efficiency and speed in financial transactions.
Nubank Eyes Top Solutions
According to a June 25 press release, the partnership will see both firms working on strategies including mapping integration and more to help users and developers. Nubank will create end-to-end experiences for users seamlessly without the complexities of managing the lightning network. This will lead to faster and cheaper transactions for users.
“We’re working with the Nu team on exploring synergies, starting the integration, mapping, and building potential products, and we’ll have more to share in the future. By partnering with Nu, we’re delighted to help bring one of the world’s largest digital financial services platforms to Lightning and UMA.”
Lightspark boasts one of the best Lightning Network solutions with SDKs and APIs creating an overall better experience. Creating low-cost Bitcoin generally fiat transactions will position the firm in its expansion quest. The popularity of the Bitcoin Lightning Network continues to grow with more significant milestones. The mainstream adoption of the asset has surged this year with Bitcoin price hitting an all-time high above $73,000.
Both Firms Set For Collaboration
Thomaz Fortes, the Executive Director at Nubank explained the importance of the partnership with Lightspark adding that it is in line with the company’s mission to create proper solutions for customers. Sim
“The future integration of Lightning underscores Nu’s ongoing mission to offer more efficient services with greater speed and lower costs through blockchain technology.”
Similarly, David Marcus Lightspark’s CEO expressed delight in bringing the Bitcoin Lightning Network to Nubank’s 100 million customers aimed at creating easier and more efficient solutions. Digital asset enthusiasts also lauded the partnership on social media spaces as attracting positive sentiments to the market.
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