The largest e-commerce company in Latin America by market capitalization announced investments in Mercado Bitcoin and Paxos.
Operation reinforces the company's presence in the crypto universe, boosting its development and adoption in the region.Paxos powers the Mercado Pago cryptocurrency transaction experience for its Brazilian users. MONTEVIDEO, Uruguay, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Mercado Libre (Nasdaq: MELI) acquired shares in the 2TM Group, parent company of MercadoBitcoin.com among others in its blockchain-based portfolio, and made a strategic investment in Paxos, a leading regulated blockchain infrastruct
Mercado Libre acquired the entire company in order to further strengthen its operation in Chile in the payment methods sector, especially in the physical world for SMEs, and to continue fulfilling its purpose of democratizing commerce and finance in the country.This is Mercado Libre's first purchase in the region in payment systems, which strengthens the business position of its Mercado Pago unit, the largest fintech in Latin America. SANTIAGO, Chile, Dec. 13, 2021 (GLOBE NEWSWIRE) -- Mercado Li