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(CNBC)   Warren Buffet takes a sip, is opening a crypto-koolaid stand in Brazil   (cnbc.com) divider line
    More: Interesting, Warren Buffett, Berkshire Hathaway, Brazilian digital banking startup Nubank, Bank, Goldman Sachs, So Paulo, Money, Names of large numbers  
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376 clicks; posted to Business » on 19 Oct 2022 at 11:48 AM (14 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



5 Comments     (+0 »)
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2022-10-19 11:55:22 AM  
Will he waste away in Margaritaville there?
 
2022-10-19 12:54:26 PM  
In a press release, the company touts Nucoin as "a new way to recognize customer loyalty and encourage engagement with Nubank products." Nubank said it plans to offer discounts and other perks to holders of the token.

It's a Kroger shopper's card... but on the blockchain!
 
2022-10-19 1:10:03 PM  
Nubank said it would invite 2,000 customers to take part in a forum group for guiding the development of Nucoin.

Oh boy, 2000 excited libertarians in a failed nation trying to figure out how to exploit it for their own ends.  I bet the time will be measured in minutes before the term 'consent' enters the conversation.
 
2022-10-19 2:16:46 PM  

Rapmaster2000: In a press release, the company touts Nucoin as "a new way to recognize customer loyalty and encourage engagement with Nubank products." Nubank said it plans to offer discounts and other perks to holders of the token.

It's a Kroger shopper's card... but on the blockchain!


This matches the latest wave in what DAOs and NFTs are doing - ownership as a membership club. The difference between this and a Kroger's card is that if you reach 'Nubank platinum level' (or whatever) that has some perk like getting you into the bank early (or whatever) - you can resell that super easily on any of the Polygon markets and Nubank gets a commission automatically on the resale.

That's the theory anyways. It seems to be working with some Napa wineries with people buying in for the perks, but knowing that they can resell their membership if they get sick of the product.

Better than the jpeg apes, imo, but still in 'solution looking for a product' territory and a bank offering loyalty coins sounds like a major gimmick instead of actual utility.
 
2022-10-19 3:49:51 PM  
Great! The more deregulated crypto products, the more diluted the whole deregulated crypto market becomes,
and the quicker that even the dimmest of people realize that anybody and their dog can create unlimited crypto out of thin air.
 
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