Brazil’s Nubank to Roll Out Tokens using Polygon

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The Crypto Times

The main Brazilian digital financial institution, Nubank, plans to launch its personal token ‘Nu coin’ subsequent yr in Brazil, Colombia and Mexico. Nubank is launching its personal coin and a whole monetary ecosystem with Polygon SUPERNETS.

The tokens might be obtainable for Nubank’s 70 million customers within the first half of 2023 to be distributed freely and used to provide reductions and perks.

Prior to the launch Nubank additionally plans to choose 2,000 customers to check the token characteristic and provides suggestions, with the aim of decentralizing the product creation course of.

Fernando Czapski, basic supervisor for Nucoin at Nubank stated, “We are opening a door to the future, Nucoin is a new way to recognize customer loyalty and encourage engagement with Nubank products.”

Czapski additionally stated that ”the venture is one other step forward in our perception within the transformative potential of blockchain expertise and to democratize it much more, going past the acquisition, sale and upkeep of cryptocurrencies within the Nu app.” 

Compiled by Coinbold

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