Mercado Libre will integrate bitcoin and ether trading throughout Latin America

After the success that Mercado Libre achieved in Brazil, the electronic commerce giant will bring its bitcoin (BTC) and ethers (ETH) trading service to all of Latin America. Mercado Libre will integrate bitcoin and ether trading throughout Latin America.

Osvaldo Gimenez, CEO of Mercado Pago, Mercado Libre’s fintech (financial technology) division, said: “We are going to be expanding the possibility of buying, selling and having cryptocurrencies in your account in the region ,” according to a publication by El País.

Until now, the date from which the service will be available in other Latin American countries, or where it will be integrated first, is unknown. It is also unclear whether the service will be expanded under the same conditions it operates in Brazil.

In the South American country , the sale of bitcoin and ethers has been available since December of last year. Since then, Brazilians trade these cryptocurrencies directly from the Mercado Libre application, which is integrated with the platform of the company Paxos, a cryptocurrency service provider.

“We have already exceeded one million people who bought crypto in Brazil after three months of launching this functionality in our @mercadopago app,” the company’s founder and CEO, Marcos Galperín

Before offering services with cryptocurrenciesMercado Libre bought USD 7.8 million in bitcoins during the first quarter of 2021, as part of its new treasury strategy

In addition, in Argentina, the company opened a section for the purchase and sale of properties and real estate that allows payment with bitcoin.

Galperín, recognized as one of the richest men in Argentina, has expressed himself on several occasions as a believer in the benefits of owning the first of the cryptocurrencies as a store of value.

Astrid Sandoval

ByAstrid Sandoval

She is an investigative journalist who holds a Master’s Degree in Broadcasting, Telecommunications, and Mass Media from Temple University as a Research Associate at the Media Education Lab. Her research interests include Digital–Visual rhetorics and intellectual property issues in digital space. Also has been an active member of the cryptocurrency community since 2018. She has a passion for Bitcoin, open-source code, and decentralized applications.

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