Largest Neobank in Brazil to Offer Crypto Access to Customers 

Nubank, the largest neobank in Brazil, has announced a partnership with Paxos thanks to which during May-July, Brazilian digital bank customers will be able to buy, sell and store Bitcoin and Ethereum.

The minimum transaction amount will be 1 BRL ($0.195).

In the future, the list of supported cryptocurrencies is expected to be expanded. Educational resources will be launched to increase the degree of investment decisions.

At the same time, Nu Holdings, the controlling company of the neobank, will allocate 1% of net assets to buy bitcoin as a reserve asset.

David Velez, CEO and founder of Nubank, has said:

“Cryptocurrencies are becoming more and more popular in Latin America, transforming the region. We have created a secure, simple and intuitive interface that will provide access to new assets.”