Monday, August 8

Mercado Livre embraces Bitcoin and enters the cryptocurrency market once and for all

Marcos Galperin, founder and CEO of Mercado Livre, announced that both Mercado Livre and Mercado Pago users will be able to trade and store cryptocurrencies on their platforms.

In May of this year, the company had already purchased 40 million reais in Bitcoin to use it as a store of value.

Despite this, Mercado Livre was showing no signs of accepting the cryptocurrency as Galperin claimed that cryptocurrencies still had many challenges ahead.

Mercado Livre starts working with Bitcoin

The tweet by the CEO of Mercado Livre, Marcos Galperin, took everyone by surprise this Monday (22). According to him, Brazilians will already be able to use cryptocurrencies in both the Free Market and the Pago Market.

“Starting this week in Brazil, Free Market and Pago Market users will be able to buy, store and sell cryptocurrencies.”

The news was also confirmed by Osvaldo Gimenez, president of Mercado Pago since 2014. Through a tweet, he showed how the design of the wallet, containing the “Crypto” field with the Bitcoin logo.