Crypto-friendly bank Nubank obtains Mexican banking license, plans to accelerate local business expansion

CoinFeed July 10 news, according to Bloomberg, Brazilian crypto-friendly digital bank Nubank parent company Nu Holdings has obtained an official banking license from the Mexican financial regulator Comision Nacional Bancaria y de Valores, allowing it to offer business such as salary accounts, current accounts, higher deposit limits, and more loan products locally. Since entering Mexico in 2019, Nubank has invested billions of dollars, currently has over 15 million customers, accounting for about 15% of the local adult population. Founder and global CEO David Vélez said that total investment in Mexico is expected to reach about 4.2 billion dollars by 2030.