Nubank announced the integration of more cryptocurrencies for customers on the Bank's crypto platform.

Starting today, in addition to Bitcoin, Ether, and USDC, users can now buy Cardano (ADA), Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO). Besides these cryptocurrencies, the institution offers another 18 digital assets.

"The offering of new coins reflects our commitment to providing a diversified portfolio of crypto assets aligned with the needs of our customers," comments Thomaz Fortes, executive director of the crypto and virtual assets area at Nubank. "We will continue to expand our selection of tokens throughout the year, always with careful analysis of the options."

Nubank crypto chooses more functional tokens

The recently incorporated tokens in the portfolio have distinct and important characteristics in the market:

• Cardano (ADA), often considered a strong competitor to Ethereum, is recognized for its speed and low transaction costs. Thus, it is one of the main cryptocurrencies in the ecosystem.

• Near Protocol (NEAR) stands out with an innovative approach to solving usability, scalability, and security issues. Near features, for example, dynamic sharding and easy-to-read account names.

• Algorand (ALGO) blockchain focused on asset tokenization and fast, accessible transactions. Especially for the DeFi sector and corporate adoption, primarily offering staking opportunities.

• Cosmos (ATOM), known as the "internet of blockchains," promotes efficient communication between distinct networks through its IBC (Inter-Blockchain Communication) protocol. Thus ensuring secure and swift transactions.

Rewards program

At the beginning of this year, Nubank expanded the rewards program for customers who hold USDC. Now, Nubank Crypto users who maintain a balance of at least 10 USDC in their wallets will start receiving a daily return with a fixed annual rate of 4%.

In November 2023, Nubank Crypto made 11 new cryptocurrency pairs available, allowing exchange for USDC on the platform. Among the added coins are Aave (AAVE), Avalanche (AVAX), Bitcoin Cash (BCH), and Polkadot (DOT).

Nubank gets involved in crypto controversy with Nucoin

In September of last year, BeInCrypto conducted some investigative reports on the Nucoin supposedly never existing on the blockchain. The investigation arose after Nucoin announced the revamp of the digital currency and the dissatisfaction of many customers with the new program offered by Nubank.

We sought more information from the cryptocurrency's history on the blockchain and found nothing. The Nucoin block explorer has been taken offline. What we managed to find was an explorer file already offline.

I don’t want to give a final verdict, but I would say there is a great possibility that there was actually nothing there, concludes one of the experts.

But in fact, what happens is that whether blockchain or not, it's the classic centralized cliché; they sold a vision of the future for a product and are now changing it, says another on-chain investigator to BeInCrypto.

The article Nubank crypto adds ADA and NEAR to the platform was first seen on BeInCrypto Brazil.