Mercado Libre, the major e-commerce company in Latin America, will enable its customers in Brazil to buy, sell and store cryptocurrencies via its payment service MercadoPago.
It is worth mentioning that, for now, MercadoPago will not allow users to pay for services or goods with cryptocurrencies. In this way, it is only a move only for those interested in Bitcoin as an investment.
Mercado Pago’s digital wallet has 16.8 million unique users, according to information provided by Mercado Libre in its third-quarter report of 2021.
In May, the company, which trades on Nasdaq as MELI, disclosed a $7.8 million bitcoin purchase that was part of its treasury strategy. One month earlier, its Argentine real estate platform launched a special section for the sale and purchase of properties with bitcoin.