Latin American E-Commerce Giant MercadoLibre Bought $7.8 Million Of Bitcoin
MercadoLibra, a publicly-traded e-commerce giant, disclosed a $7.8 million bitcoin purchase and plans to hold the BTC indefinitely.Argentina-based e-commerce leader MercadoLibre has disclosed that it purchased $7.8 million worth of bitcoin earlier this year, with plans to hold the asset on its balance sheet indefinitely.According to a regulatory filing, the company made the investment as part of its “treasury strategy.” It did not disclose how the purchase was made, how much BTC was obtained with that investment or how the company views bitcoin as a treasury asset in its....
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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.....
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 […]
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 […]