Nu : Nubank partners with Lightspark to enhance customer experience via blockchain

São Paulo, June 25, 2024 - Nu Holdings (Nubank) today announces a partnership with Lightspark, a global leader in infrastructure for the Bitcoin Lightning Network, Bitcoin's second-layer blockchain that scales and accelerates transactions. The agreement between the companies aims to evolve the Nu app in the future by incorporating new blockchain-based features or services.

As part of the agreement, engineering teams from both companies will initiate the technical integration process and explore the possibilities for new blockchain solutions through Universal Money Addresses (UMA). Any new experiences and usability enhancements in the Nu app will be detailed AND disclosed in due course.

"The partnership with Lightspark, which has developed an excellent technical solution for the Bitcoin Lightning Network, is another step in Nubank's mission to provide the best solutions for our clients and reinforce our long-term relationship with all of them. The future integration of Lightning underscores Nu's ongoing mission to offer more efficient services with greater speed and lower costs through blockchain technology." Thomaz Fortes, Executive Director, Nubank Cripto.

"We're excited to play a role in bringing Lightning to Nu's 100 million customers and adding solutions to make their financial lives simpler and more efficient. At Lightspark, we're delighted to enable Nubank to keep evolving their crypto solutions - it's also been fantastic to work with the talented team at Nu." David Marcus, CEO and co-founder, Lightspark.

Lightspark offers the best enterprise-grade entry point to the Lightning Network. Their software and services enable the most demanding institutions to reliably tap into the Lightning Network, enabling near real-time, low-cost Bitcoin and fiat transactions. Lightspark SDKs, APIs, and developer tools allow a seamless and simplified experience and provide AI solutions that enable transactions to move freely. Through these tools, Nubank's product engineers and operations teams will have access to more technological tools to create the best solutions for its customers on the blockchain.