Brazilians To Invest In Crypto Via LatAm’s E-Shop Giant MercadoLibre
The largest online commerce platform in Latin America, MercadoLibre, will allow its Brazilian customers to buy, sell and hold crypto using MercadoPago’s digital wallet. The company’s revenues through digital transactions rose during the pandemic, and it is now looking to expand its “financial inclusion” horizons. Earlier in the year, the company had reported that 60% of […]
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Mercadolibre Inc., Latin America’s leading e-commerce company with almost 70 million users on its marketplace, has bought bitcoins worth almost $8 million for its treasury. With this move, the company has joined a growing list of corporations with the cryptocurrency on their balance sheets. Mercadolibre Holds Bitcoin on Balance Sheet Mercadolibre Inc. reported its first-quarter financial results Wednesday declaring that the company is holding bitcoin on its balance sheet. An Argentine company incorporated in the U.S. that operates online marketplaces dedicated to e-commerce and....
Mercadolibre, one of the biggest “e-tailers” in Latam, has partnered with credit giant Mastercard to make use of its tech to secure the cryptocurrency ecosystem of the company. Through this partnership, Mercadolibre will be able to use Mastercard’s Ciphertrace technology, to allow the company to enhance the control and security of the crypto transactions in its trading ecosystem.
Mercadolibre to Strengthen Crypto Vigilance
Mercadolibre, a leading e-tailer of Latam, has partnered with Mastercard, the credit tech company, to improve its due diligence when....
Mercadolibre, one of the biggest online retailers in Latin America, has started rolling cryptocurrency trading services to a selection of their customers and plans to expand this test in the coming weeks. Mercadopago, the payments service native to the platform, will allow these customers to purchase, hold and sell cryptocurrencies directly from the platform. The pilot run will start in Brasil and it might extend to other countries later.
Mercadolibre Forays Into Crypto Services
Mercadolibre, the biggest Latam-based company, has started including cryptocurrency services in its....
On a financial results report dated May 5th, e-commerce giant MercadoLibre dropped the bomb. The company is the latest institution to add Bitcoin to its balance sheet. It follows MicroStrategy, Square, and Tesla’s highly covered buys. Bitcoin’s institutional adoption is in its infancy, but advancing non-stop. In the financial highlights for 2021’s First Quarter, the […]
Moneero has announced that Rodrigo Benzaquen, the former R&D director of Latin American e-commerce giant MercadoLibre, has officially joined its board of directors. The announcement is the latest milestone for Uruguay-based bitcoin service provider Moneero, which exited stealth mode in July. Speaking to CoinDesk, Moneero co-founder Steven Morell framed the announcement as a sign that his company is ready to move past its development stage to bring its wallet product, social apps and developer services to more consumers across Latin America and the world. Morell told CoinDesk: "We need....