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Showing posts with the label polygon network

Polygon partners NuBank: Reddit Users create 3M wallets

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The use cases of Polygon have been on the rise. For instance, last week it was announced that the said blockchain was being used by police in an Indian state to fight against local corruption and crime. In fact, there have been a couple of more recent developments associated with the adoption of Polygon as well. A day back, Brazilian Fintech Bank Nubank announced the creation of the Nucoin token on the Polygon blockchain. The same has paved the path for a rewards program for the bank’s 70 million clients across Latin America.  Commenting on the said development, Sandeep Nailwal, co-founder of Polygon said in a statement, “One of the largest digital banking institutions in the world, offering its own cryptocurrency is a strong testament to the utility blockchain and crypto have to offer.”  Fernando Czapski—General Manager, Nucoin—said, “This project is another step ahead in our belief in the transformative potential of blockchain technology and to democ...