MercadoLibre's payment app enables Bitcoin transactions

Tuesday 23 November 2021 12:00 CET | News

Ecommerce platform MercadoLibre has announced it will introduce Bitcoin payments via its payment app, MercadoPago, in Brazil.

MercadoLibre, which goes by the name MercadoLivre in Brazil, LATAM’s largest company by market capitalisation will allow its customers to buy, sell, and hold Bitcoin. However, it is still unclear whether or not clients will also be able to withdraw their Bitcoins into a self-custody wallet.

The service was already made available to a small group of clients starting November 2021 and will soon be live nation-wide.

MercadoPago offers clients credit lines, free credit cards, and a customer-oriented account that can be used to make and receive payments. The app is integrated into Brazil’s instant money transfer platform PIX.

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Keywords: Mercado Libre, crypto, cryptocurrency, product launch, credit card, PIX
Categories: Payments & Commerce
Countries: Brazil
This article is part of category

Payments & Commerce