The German mobile bank – N26 – and Brazil’s Nubank are the latest banking institutions to jump on the cryptocurrency bandwagon.
The largest fintech bank in Latin America – Nubank – also hopped on the bandwagon, launching its own cryptocurrency in Brazil. Interestingly, Berkshire Hathaway – the conglomerate holding company spearheaded by the famed investor and crypto critic Warren Buffett – is among the financial backers of the banking institution.Even though the crypto market has significantly declined in 2022, some banks remain bullish in the sector.
The executive said N26 believes in crypto’s long-term development. “It’s not like we’re trying to time the launch on how the market is doing,” he affirmed.
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