Tensor

2024

Bitcoin

Million

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<ul>
 <li>Nubank joins forces with Lightspark to integrate the Bitcoin Lightning Network.</li>
 <li>Nubank’s 100 million customers gain access to Lightning Network’s near-instant, low-cost transactions.</li>
 <li>Nubank’s teams benefit from Universal Money Addresses (UMAs) for seamless Lightning implementation.</li>
</ul>
<p>In a groundbreaking move, Brazilian neobank Nubank has teamed up with payments platform Lightspark to integrate the Bitcoin Lightning Network into its services. With <a href="https://cryptonewsland.com/brazils-nubank-welcomes-over-1m-crypto-users-within-a-month/" rel="noopener noreferrer nofollow">over </a><a href="https://cryptonewsland.com/brazils-nubank-welcomes-over-1m-crypto-users-within-a-month/" target="_blank" rel="noopener noreferrer nofollow">100</a><a href="https://cryptonewsland.com/brazils-nubank-welcomes-over-1m-crypto-users-within-a-month/" rel="noopener noreferrer nofollow"> million customers</a> across Brazil, Mexico, and Colombia, Nubank is one of the world’s largest digital banking platforms outside of Asia.</p>
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   <p lang="en" dir="ltr">We’re thrilled that <a href="https://twitter.com/nubank?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@nubank</a> has selected <a href="https://twitter.com/lightspark?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Lightspark</a> to bring the Bitcoin Lightning Network and Universal Money Addresses via the <a href="https://twitter.com/umastandard?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@umastandard</a> to its platform and 100 million customers. We’re working with the Nu team on the technical integration and will have more to share in the… <a href="https://t.co/M10d3BMqBY" rel="noopener noreferrer nofollow">pic.twitter.com/M10d3BMqBY</a></p>— Lightspark (@lightspark) <a href="https://twitter.com/lightspark/status/1805615707180384676?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 25, 2024</a>
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<p>The Bitcoin Lightning Network is a second-layer solution built on top of the Bitcoin blockchain. It aims to address the scalability and speed limitations of the <a href="https://cryptonewsland.com/bitcoin-network-witnesses-record-200m-nft-sales-in-may/" rel="noopener noreferrer nofollow">original Bitcoin </a><a href="https://cryptonewsland.com/bitcoin-network-witnesses-record-200m-nft-sales-in-may/" target="_blank" rel="noopener noreferrer nofollow">network</a>.&nbsp;</p>
<p>By enabling near-instant, low-cost transactions, the Lightning Network promises to revolutionize the way we use cryptocurrencies for everyday transactions.</p>
<h2 class="wp-block-heading" id="h-the-partnership-details">The Partnership Details</h2>
<p><a href="https://international.nubank.com.br/about/" target="_blank" rel="noopener noreferrer nofollow">Nubank</a> and Lightspark are collaborating closely to bring this cutting-edge technology to Nubank’s vast customer base.&nbsp;Lightspark is actively working with Nubank to kickstart the Lightning integration process.&nbsp;</p>
<p>This involves mapping out the necessary infrastructure and exploring potential product offerings. Both companies are committed to creating seamless experiences for Nubank’s users.</p>
<p>Nubank’s product, engineering, and operations teams will benefit from UMAs (Universal Money Addresses). These are akin to email addresses but for financial transactions. UMAs simplify the complexities of managing and optimizing large-scale Lightning implementations. This allows Nubank to focus on delivering better end-to-end experiences for its customers.</p>
<p>By collaborating with <a href="https://www.lightspark.com/" target="_blank" rel="noopener noreferrer nofollow">Lightspark</a>, Nubank aims to enhance its crypto solutions. Customers can expect faster transaction processing times, reduced costs, and improved security.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/how-coinbase-continues-to-innovate-adding-tensor-tnsr-to-roadmap-and-collaborating-with-lightspark/" rel="noopener noreferrer nofollow">How Coinbase Continues to Innovate: Adding Tensor (TNSR) to Roadmap and Collaborating with Lightspark</a></li>
 <li><a href="https://cryptonewsland.com/buffett-backed-nubank-launches-own-crypto-nucoin/" rel="noopener noreferrer nofollow">Buffett-backed Nubank Launches Own Crypto Nucoin</a></li>
 <li><a href="https://cryptonewsland.com/brazils-nubank-welcomes-over-1m-crypto-users-within-a-month/" rel="noopener noreferrer nofollow">Brazil’s Nubank Welcomes Over 1M Crypto Users Within a Month</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-price-surge-imminent-amidst-bullish-market-signals-from-grayscale-nubank-and-whale-activity/" rel="noopener noreferrer nofollow">Bitcoin Price Surge Imminent Amidst Bullish Market Signals From Grayscale, Nubank, and Whale Activity</a></li>
 <li><a href="https://cryptonewsland.com/binance-to-integrate-bitcoin-lightning-network-soon/" rel="noopener noreferrer nofollow">Binance to Integrate Bitcoin Lightning Network Soon</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/nubank-partners-with-lightspark-to-bring-bitcoin-lightning-network-to-its-100-million-customers/" rel="noopener noreferrer nofollow">Nubank Partners with Lightspark to Bring Bitcoin Lightning Network to Its 100 Million Customers</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Nubank Partners with Lightspark to Bring Bitcoin Lightning Network to Its 100 Million Customers

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