December 4, 2021

Online shop MercadoLibre added cryptocurrency payments

The online store MercadoLibre allowed its customers from Brazil to buy, sell and store digital currencies through their Appendix for digital payments.

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At the beginning of November, MercadoLibre, which is considered the largest Latin American company for market capitalization, began to serve as a narrower

In the near future, this option will be able to use a larger number of users, including in other countries of Latin America.

“We spent time to learn, and alreadythen we decided on the integration of the cryptocurrency. This step has a transformational potential and opens up new possibilities for us, ”said Tulio Oliveira, Vice President of MercadoPago.

After the service is deployed, the clients' cryptocurrency payments will be converted into fiat currency.

It is interesting that earlier officialsMercadoLibre reported that at the beginning of this year, the company acquired Bitcoins in the amount of $ 7.8 million.

The co-founder of the company and the general director Markok Galperin believes that cryptocurrencies have a huge potential, as they help people retain their value.

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