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Brazilian banking startup Nubank has added five additional altcoins to its portfolio of cryptocurrencies available for trading. The fintech company, now one of the most prominent in Latin America, added Tether (USDT), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and Ethereum (ETH), bringing its total number of cryptocurrencies to twelve.
The altcoin additions come just days after Nubank announced that it was adding Bitcoin (BTC) to its banking app, confirming previous speculation. In addition to the altcoins, Nubank also announced a new rewards program, where customers can obtain discounts for purchases when they use cryptos available through its app.
The latest additions to the cryptocurrency portfolio reflect Nubank’s bullish stance on digital assets. By making it easier to purchase and trade cryptocurrencies, the company is likely looking to increase its market share and build customer loyalty. By offering more cryptocurrencies, the company also presents customers with greater flexibility and control over their investments.
The addition of altcoins to Nubank’s banking app is just another sign of the increasing acceptance of cryptocurrencies in Latin America and beyond. As more countries and companies start to recognize the potential of these digital assets, the demand for them is likely to increase further. It is a trend that Nubank is likely hoping to capitalize on given its position as one of the most successful fintech startups in the region.