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Nubank Launches Multicurrency Digital Account in US, Partners with Local Bank
Nubank has launched a multicurrency digital account for US customers through a partnership with a US-based bank, enabling cross-border transactions without requiring its own OCC charter. The offering puts Nubank in direct competition with Chime, SoFi, and JPMorgan Chase, targeting users seeking low-cost international transfers. Nubank’s entry could pressure established US banks and neobanks to enhance their cross-border features.