Jul 29, 2022 at 18:35 UTC 746860According to a report from the regional newspaper Folha de S. Paulo , Santander Brazil, the third-largest private bank in the nation, is preparing to introduce Bitcoin and cryptocurrency services for their customers.
In response to critics who believe that Santander is chasing a trend by offering Bitcoin and crypto services, Leao added that Santander recognizes that this industry is here to stay due to high client demand.
Recently, Warren Buffettâ€™s Berkshire Hathaway-backed Nubank, the largest digital bank in Brazil, purchased Bitcoin and integrated trading capabilities to its mobile application.
Brazil placed fifth overall for on-chain value transacted while rating 14th overall for Bitcoin and crypto adoption.
The nation is also home to Mercado Bitcoin, which is supported by Softbank and is the largest Bitcoin and cryptocurrency exchange in Latin America.
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