Polygon Announces A Strategic Partnership With Nubank

Twitter icon  •  Published 1 year ago  •  Hassan Maishera

The Polygon team announced via Twitter on Wednesday that it has entered an agreement with Nubank, a Brazilian neobank and the largest fintech bank in Latin America.

The Polygon team announced via Twitter on Wednesday that it has entered an agreement with Nubank, a Brazilian neobank and the largest fintech bank in Latin America. Per the terms of the partnership, Nubank will be launching its own chain using Polygon Supernets and, thus, its digital token Nucoin on Polygon.

Polygon added that the move would open the gateway for more than 70 million Nubank users to the Web3 space. 

Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. MATIC is down by 3% in the last 24 hours and is currently trading at $0.8430.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.