Nubank Faces The Future: Bank Announces New Digital Currency, Nucoin, Developed In Partnership With Polygon. Companies Plan To Launch Innovation In The Crypto Market Later In 2023!

Written by Roberta Souza

Published on 20/10/2022 at 17:09

Foto: reprodução international.nubank.com.b

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With the Launch of Its New Cryptocurrency for 2023, Nubank Intends to Invite Customers for Testing Its New Technology and Distribute Free Tokens

Nubank announced on Wednesday, 19th, its latest creation: Nucoin, its digital currency on the Polygon blockchain. The technology is scheduled to launch in the first half of 2023, with the fintech’s tokens distributed free of charge to customers. The tokens will serve as the basis for Nubank to create a benefits program for its users in Brazil.

The new technology was developed in partnership with Polygon, a blockchain company that will provide the technology and technical support for Nubank to develop its cryptocurrency, which initially is a token. The fintech’s partner uses the Ethereum structure to allow the creation of decentralized applications.

How Cryptocurrencies Work

Testing the New Cryptocurrency

According to a press release, Nubank announced that it will invite approximately 2,000 customers to “participate in the usage process and dynamics related to Nucoin.”

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Open Doors to the Future

According to the company, it is opening a door to the future. Nucoin is a new way to recognize customer loyalty and encourage engagement with Nubank’s products.

“The new technology is another step we take because we believe in the transformative potential of blockchain technology and in democratizing it further, going beyond the buying, selling, and holding of cryptocurrencies in our app,” explains Fernando Czapski, head of Nucoin.

According to Nubank, the purpose of creating a cryptocurrency is to “offer customers benefits such as discounts and advantages as they accumulate Nucoins.” The bank plans, in the future, to trade Nucoin in the cryptocurrency market.

Nubank Faces The Future: Bank Announces New Digital Currency, Nucoin, Developed In Partnership With Polygon. Companies Plan To Launch Innovation In The Crypto Market Later In 2023!

With the Launch of Its New Cryptocurrency for 2023, Nubank Intends to Invite Customers for Testing Its New Technology and Distribute Free Tokens

How Cryptocurrencies Work

Testing the New Cryptocurrency

Open Doors to the Future

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Nubank Faces The Future: Bank Announces New Digital Currency, Nucoin, Developed In Partnership With Polygon. Companies Plan To Launch Innovation In The Crypto Market Later In 2023!

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How Cryptocurrencies Work

Testing the New Cryptocurrency

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