Nubank Seeks US Banking License to Expand Crypto Services

The Brazil-based fintech aims to offer deposits, credit, loans, and digital asset custody if approved by the US banking regulator.

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Summary

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Terms & Concepts
  • Digital Asset Custody: The secure holding and management of digital assets such as cryptocurrencies on behalf of clients.
  • Bitcoin: A decentralized digital currency operating on a peer-to-peer network without a central authority.
  • Ethereum: A blockchain platform that supports smart contracts and decentralized applications.