Nubank, a digital bank in Latin America, is preparing to allow customers to use stablecoins when paying with credit cards.
This information came from Roberto Campos Neto, the bank’s vice-chairman and former head of Brazil’s central bank.
According to a report by a local media outlet, he spoke about the plan at the Meridian 2025 event, where he discussed the growing role of blockchain technology in the financial system.
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Campos Neto shared that Nubank is working on a trial that will connect stablecoin payments to its credit card services. The idea is to integrate digital currencies into regular banking by using them in ways people are already familiar with, such as paying credit card bills.
He pointed out that many people are holding digital currencies not to spend them, but to save them as a long-term investment. He said it is important to understand why that is the case and how it might change if spending becomes easier.
Another point Campos Neto raised was the need for banks to adapt. If people want to deposit digital money, banks should figure out how to accept it safely and use it to offer credit, just like they do with traditional money.
Nubank started in São Paulo in 2013 and now operates in Brazil, Mexico, and Colombia. It serves over 100 million customers. In 2022, the bank began exploring cryptocurrencies by investing 1% of its holdings in Bitcoin
Recently, MoneyGram introduced a digital payment app in Colombia. How does it work? Read the full story.
