Warren Buffet’s Bank Endorses Bitcoin, Ethereum, And Other Cryptos
In May 2022, Nubank, Brazil’s largest digital bank, first announced that it would be supporting Bitcoin (BTC) and Ethereum (ETH) trading, alongside others like Solana (SOL), in a new partnership with the blockchain infrastructure company Paxos. Around that time, Nu Holdings, the parent company of Nubank itself, was reported to have allocated 1% of its total cash holdings to Bitcoin.
Later on, Nubank announced sometime in December 2023 that its platform will be supporting crypto withdrawals and that feature is now here. On April 23, 2024, Bitcoin magazine revealed through its Twitter platform that it is now possible to send and receive Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) with the Nubank wallet.
This development in the bank’s offering is considered a major move for Nubank, a bank which has been trying to establish itself as one of the leading banks in Latin America
How Will The Support For Bitcoin (BTC), Ethereum (ETH), and Other Cryptos Work?
In the official announcement released by Nubank, the feature to send and receive crypto to the customer’s wallet will be gradually introduced to the app for all its users.
This new feature will also support both crypto deposits and withdrawals on the app.
As of now, the platform will start with the transfer of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). However, the Brazilian bank has mentioned it plans to add new cryptocurrencies to its list of supported coins.
As the crypto industry awaits this introduction, other platforms are coming up to offer even more unique crypto trading services.
ETF Swap Is Pioneering A New Kind Of Trading
ETFSwap (ETFS) is a dedicated decentralized finance (DeFi) platform where users can swap different cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), with exchange-traded funds (ETFs) on-chain, among others. The platform tokenizes ETFs from various sectors including crypto, technology, health, transportation, oil, and gas, giving investors many options to trade from.
ETFSwap (ETFS), unlike other traditional platforms, supports instant settlement of tokenized ETFs. With this, investors can redeem any of their investments at their time of choice without long waits.
ETFSwap operates a permissionless access framework allowing users to trade freely without the usual long list of KYC requirements they have to fill out when investing in Real World Assets (RWAs) on other platforms.
The tokenized crypto ETFs have been called the “next generation for markets” by Larry Fink, CEO of BlackRock. Fink himself believes that tokenized real-world assets (RWAs) could eventually become bigger investments than even Bitcoin, showing the exciting promise of ETFSwap’s offerings.
ETFS Coin Is Becoming A Top Choice For Investors
ETFSwap is fast becoming one of the top crypto investments. It has sold over 22 million tokens in its ongoing stage 1 presale round. A major reason for the heavy investment in the ETFSwap token over other RWA tokens, such as Ondo (ONDO) is because it is believed that it has the most bullish momentum.
ETFSwap is currently selling at only $0.00854 for its stage 1 presale. This makes it a better undervalued option than its competitors, and investors believe this means more gains for them.
Some other investors after seeing the potential of ETFSwap (ETFS) now believe it could be the next Shiba Inu (SHIB), a coin which saw a dramatic rise in 2021 and with that, the prediction is that it will bring better price gains than Dogecoin (DOGE) or Ondo Finance (ONDO).
Stage 1 of the ETFS presale is already ongoing and crypto investors are already picking up the coins at a rapid pace. Stage 2 presale for the token is predicted to double which means an investment now is the best option for maximum gains on investment.
For more information about the ETFS Presale:
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Filed under: Bitcoin - @ May 1, 2024 12:00 am