Nubank appoints Michael Rihani as its new crypto director, with experience at Coinbase, Apple, and Tesla, to drive the growth of Nubank Crypto.
Nubank has revealed a groundbreaking recruit to its crypto team. Michael Rihani, a senior product leader whose experience spans Coinbase, Apple, and Tesla, comes on board as the new Head of Crypto at Nubank.
This action places Nubank in the spotlight as a worldwide innovator in fintech that is intensely developing its digital asset services.
Michael Rihani brings with him more than 15 years of experience in innovative financial products across the globe. His experience involves managing product teams at Coinbase, in charge of transfers, payments, and card services.
Before Coinbase, Rihani contributed to such projects as Apple Pay on the Web, Apple Card, and integrating Bitcoin payments into the Tesla site under the leadership of Elon Musk, one of the few combinations of technological vision and crypto expertise.
What Nubank is targeting with Rihani
Rihani strives to speed up the process of the development of Nubank Crypto, a platform that has 6.6 million users and allows purchasing, selling, and storing crypto via the application on Nubank.
He works for Thomaz Fortes, the executive director of crypto and digital assets at Nubank. Nubank seeks to use the Silicon Valley experience of Rihani to perform aggressively in the crypto market.
His appointment is post-Nubank, which allows them to pay their credit card statements using Bitcoin, signifying more ambition in crypto integration.
Why Rihani’s arrival matters globally
The decision of Rihani to Nubank can be discussed in terms of a bigger picture of technology giants shifting out of the U.S. to the emerging markets.
His history of successfully launching almost $1 billion in Bitcoin-secured loans at Coinbase shows that he can scale crypto products.
According to his words, he is devoting his career to Bitcoin and transforming the world of finance. He describes Nubank as the most appropriate place to create something new and impactful, and he praises Nubank Crypto as one of the best competitive solutions available today.
This move is an important milestone in the adoption of crypto in Latin America since Nubank has made a strategic decision to redefine the future of money in the country. Nubank is set to become a giant player in crypto outside Brazil with Rihani at the helm.
