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<h2 id="header-0">A new achievement in its business operations has been reported by Brazilian digital bank Nubank.</h2>One of the largest financial institutions of its sort in Brazil, according to the firm, has reached 70 million customers in Latam. Additionally, the business disclosed that nearly 2 million of its clients are cryptocurrency investors.Reaching 70 million customers, Nubank now has 1.8 million cryptocurrency customers.Due to its distinct set of conditions, Latin America has emerged as a lucrative market for businesses offering services based on cryptocurrencies and alternative financing. Digital neobank Nubank, founded in Brazil, recently said it has set a significant milestone in the area by serving 70 million customers. As would be expected, Brazil is home to the majority of these clients. Neobank has however been successful in breaking into other markets, including Mexico, where it has 3.2 million clients, and Colombia, where it has 400,000 clients.Money Boxes, an investing and planning tool that has registered more than 1.7 million people as investors, is one of the company&#39;s products that has seen the most substantial growth. The cryptocurrency branch of Nubank, which enables consumers to buy, hold, and trade digital assets from the same app, is another area that has fueled the company&#39;s expansion. A press statement states that more than 1.8 million consumers have already used the Nubank app to buy cryptocurrencies at least once.Brazil&#39;s Crypto Market is thriving.In June, the company launched its cryptocurrency trading services in Brazil for more than 54 million users, and it also included bitcoin in its financial sheet. This declaration paved the way for additional Brazilian businesses to join Nubank in entering the market for bitcoin services.Mercado Libre, an online retailer that began providing bitcoin services last year and just launched its own cryptocurrency known as Mercadocoin, is one of the company&#39;s major competitors. Other businesses have also done the same, including Picpay, a payments network, and Rico, a financial brokerage platform, both of which plan to launch their own stablecoins based on Brazilian reals in 2023.Even conventional financial institutions like Santander have declared they will soon provide <a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" rel="noopener noreferrer nofollow">bitcoin</a> services. Cryptocurrency is still not regulated in the nation, meanwhile, as the Brazilian Congress was unable to address the national cryptocurrency bill due to election-related issues.

Digital Neobank In Latin America, Nubank serves 70 million clients.

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