24 October 2022
Latin American challenger financial institution Nubank introduced the creation of Nucoin, its personal cryptocurrency on the Polygon blockchain community, set to be launched within the first half of 2023.
The token, developed with Polygon’s assist, will probably be a part of a rewards programme in Brazil the place clients who accumulate Nucoins will be capable to entry advantages reminiscent of reductions and perks.
Nubank will even invite round 2,000 clients to take part in Nucoin’s growth course of in October and November within the spirit of decentralised product creation.
Polygon is an Ethereum scaling platform that enhances the performance of Ethereum whereas retaining the bottom layer’s safety and decentralisation.
Nubank is presently the fifth largest monetary establishment in Brazil when it comes to variety of clients with 66.4 million customers within the nation and 70 million customers within the LATAM area.
Fernando Czapski
“Nucoin is a brand new strategy to acknowledge buyer loyalty and foster additional engagement with Nubank merchandise. This challenge is one other step forward in our perception within the transformative potential of blockchain know-how and to democratize it much more, going past the acquisition, sale and upkeep of cryptocurrencies within the Nu app,”
stated Fernando Czapski, Normal Supervisor for Nucoin at Nubank.
Sandeep Nailwal
“Nubank’s buyer loyalty rewards programme, powered by Polygon, will ship the transformative advantages of blockchain know-how to its clients, while acknowledging the shift taking place within the conventional monetary area,”
stated Sandeep Nailwal, Co-Founding father of Polygon.
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