NuCoin

<p>Nubank <a href="https://portaldobitcoin.uol.com.br/nubank-anuncia-fim-das-negociacoes-da-nucoin-de-forma-imediata/" rel="noopener noreferrer nofollow">announced</a> the ending of its operations with its native cryptocurrency, Nucoin. The platform informed its customers that Nucoin purchases and sales would be permanently suspended within 15 days. Nubank pointed out that the rash decision was taken considering potential market volatility.</p><h2 id="header-0">Conversion of Nucoins</h2><p>According to a news source, the largest digital bank in<a href="https://cryptotale.org/revolut-makes-crypto-debut-in-latin-america-launches-products-in-brazil/" rel="noopener noreferrer nofollow"> Latin America</a> has stopped trading its cryptocurrency, Nucoin, from Tuesday. Members can convert their holdings, even with a minimum of R$100, into either<a href="https://cryptotale.org/small-bitcoin-wallets-surge-while-large-holders-stay-neutral/" rel="noopener noreferrer nofollow"> Bitcoin</a> (BTC) or USDC. The conversion window will be open for 90 days, that is, until December 9, 2024.</p><p>In an email to its customers, the bank stated that the rash decision was taken to protect the members from potential market volatility. Additionally, the digital bank informed that if their customers do not change their tokens at the earliest, those Nucoins will be used for the bank&#39;s revamped rewards program.</p><h2 id="header-1">Nubank Prize Campaign</h2><p>The bank asserted that Nucoins will be used to redeem benefits within Nubank&#39;s ecosystem in the future. These benefits will help customers gain discounts on the bank&#39;s shopping platform and also give them access to brand experiences. Further, Nubank has announced a prize campaign for its holders to minimize the impact of its termination with Nucoin. The prize campaign includes around 30 monthly prizes of 1,000 Brazilian reais, a monthly prize of 1L reais, and a grand prize of 1 million reais.</p><p><a href="https://cryptotale.org/nubank-to-terminate-nucoin-trade-allows-shift-to-btc-usdc/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a></p><p><strong>Visit the links for more information </strong><a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|</p>

Nubank To Terminate Nucoin Trade; Allows Shift to BTC, USDC

Table of Contents

CryptoTale

Other articles published on Sep 11, 2024

Orbs Announces Animoca Brands Japan as New Guardian of Its Layer 3 Network (11 Sep)

Web3 Payment Platform Bridge Raises $58M to Transform Global Payments with Stablecoins

Fed Cuts Rates, Crypto Market Watches Closely

Bitcoin (BTC) Investors Show Doubt in Short-Term Outlook: Report

5 Things Solana (SOL) Price Needs to Hit $1K

Cardano’s Latest Upgrade: What is Chang Hard Fork?

Join our free newsletter for daily crypto updates!