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Nubank Launches its Own Cryptocurrency with Polygon to Power Loyalty & Rewards for Customers

Nubank Newsroom

“Nubank, one of the largest digital financial services platforms in the world with over 70 million customers across Latin America, announces today the creation of Nucoin, its own cryptocurrency on the Polygon blockchain network. The company’s tokens are expected to be launched in the first half of 2023, and will be distributed free of charge to customers and will serve as the basis for the creation of a groundbreaking rewards program in Brazil. For the development, Nubank chose to make a partnership with Polygon Technology, the Ethereum scaling blockchain that enhances the functionality of Ethereum while retaining the base layer’s security and decentralization. As agreed between the parties, Nubank will use Polygon’s technology and technical support for the evolution and expansion of the new cryptocurrency.”

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