Mercadolibre to Allow Users to Invest in Cryptocurrencies From Its Platform

Mercadolibre to Allow Users to Invest in Cryptocurrencies From Its Platform

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....


Related News

E-Commerce Giant Mercadolibre Buys Bitcoins Worth $7.8 Million for Treasury

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....

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 […]

The 'eBay of Latin America' Announces Bitcoin Plans

MercadoLibre, Latin America's answer to eBay, has announced it is integrating bitcoin into its payments platform, MercadoPago. In an email to users, the marketplace said the initiative would keep its merchants "one foot in the future". The region has been tipped as a hotbed for bitcoin as users seek alternatives to their local currency, and easier ways to pay online. However, startups still have various hurdles to overcome. It's not yet clear when the roll out will occur, nor which of MercadoLibre's 13 countries will be supported. According to the company, the integration will be subtle -....

Latin America's Leading Online Marketplace Turns to Bitcoin

MercadoLibre, one of the Latin America's leading online marketplaces, has announced its plans to integrate Bitcoin into its payments platform MercadoPago. The announcement arrived in an email to users, describing how MercadoLibre is working towards introducing innovative and easy payment methods for its customers. While stating that Bitcoin would keep its merchants' "one foot in future", the e-commerce marketplace promised transparency and speediness in its new payment option. However, the mail shied away from mentioning the countries in which the Bitcoin payment button will be available.....

Former MercadoLibre Director Joins Bitcoin Startup Moneero

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....