Mercado Libre, Latin American’s largest e-commerce company by market capitalization, announced that it will use Paxos’ blockchain infrastructure to allow its users in Brazil to buy, sell and store cryptocurrencies.
Last week, the co-founder and CEO of Mercado Libre announced in a Twitter post that they would provide crypto currency trading and storage services to its users. In a written statement he made, he stated that they would enter the crypto money ecosystem with a world-class company, without mentioning who they would work with for this service.
didAnnouncing their partnership with the new statement they are in, the company also users from the end of December bitcoin (BTC), ethereum (ETH) and Pax dollars (USDP) You can make your purchases and sales transactions through Mercado Pago, the digital wallet of Mercado Libre, and that the company has the minimum transaction amount. He said it would be 1 Brazilian Real.
Walter Hessert, Head of Strategy at Paxos, said in a statement that this initiative of Mercado Pago It said it would provide access to cryptocurrencies to more than 200 million Brazilians.
This will accelerate the mainstream adoption of cryptocurrencies across the continent. We are excited to partner with Mercado Pago to make this possible.
Paxos will offer cryptocurrency trading and storage to Mercado Pago users, with arrangements similar to its integration with PayPal towards the end of 2020.
