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.
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