Nubank, a financial institution in Brazil backed by Warren Buffett’s Berkshire Hathaway, announced the addition of several altcoins to its cryptocurrency offerings. These include Cardano (ADA), Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO). This expansion allows their 100 million clients to explore a wider range of digital assets. With a booming crypto market in Brazil, Nubank is positioning itself as a key player among the major financial entities diving into digital currencies.
Timings align with Brazil's increasing interest in cryptocurrencies as potential salary payment options and local market competition heats up with entities like Binance and Revolut.