Today digital bank Nubank announced plans for a cryptocurrency Nucoin. The platform, with 70 million customers across Brazil, Mexico and Colombia, is planning to provide the tokens as rewards to customers, enabling them to get discounts and other benefits.
Initially, it is selecting 2,000 customers to create a web3 community to shape the creation of the cryptocurrency. In 2023, the token will be distributed for free to all customers. However, in the early days, it won’t be tradable on a crypto exchange, but there are plans to do so in the future. Nubank already offers cryptocurrency trading as part of its solution.
The digital bank will use the Polygon public blockchain for the tokens.
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