Tuesday, March 28

Mercado Libre announces the purchase of part of Mercado Bitcoin and Paxos By Cointelegraph

©Reuters. Mercado Libre announces the purchase of part of Mercado Bitcoin and Paxos

Mercado Libre (: MELI) has acquired a stake in Grupo 2TM, parent company of the Mercado exchange among other companies in its blockchain-based portfolio, and has made a strategic investment in Paxos, a leading regulated blockchain infrastructure platform that powers the experience in cryptocurrencies of Mercado Pago in Brazil.

The value of the investments was not disclosed.

According to a Mercado Libre statement, the investments reinforce the company’s commitment to the development and use of digital assets and blockchain technology in the region.

Read the full article on Cointelegraph

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