Buffett-backed Nubank will launch cryptocurrency in Brazil

Nubank, a digital banking company in Brazil, will release its own cryptocurrency there next year

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Nubank announced on Wednesday that it will release the Nucoin token in the first half of 2023

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Nubank said it plans to give token holders discounts and other perks

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Nubank's cryptocurrency isn't the first. JPMorgan launched JPMCoin, a stablecoin pegged to the dollar

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PayPal and Robinhood trade cryptocurrencies. Goldman Sachs' internal crypto trading desk

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Nubank debuted in 2013 in Sao Paulo, Brazil, known for its high-fee, low-tech banking system

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Nubank had previously gone into crypto through its Nucripto platform, which facilitates trading in bitcoin and ether

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