E-Commerce Giant Mercado Libre Invests in Crypto Firms Paxos, 2TM

Posted on by American Coins & Gold

E-Commerce Giant Mercado Libre Invests in Crypto Firms Paxos, 2TM
Mercado Libre, Latin America’s largest e-commerce company by market value, has invested in 2TM, the holding company for Brazil’s largest crypto exchange Mercado Bitcoin, and blockchain infrastructure company Paxos.The e-commerce company bought shares of 2TM and made “a strategic investment” in Paxos, the company said in a statement on Thursday, without disclosing the investment amount.The investments reinforce Mercado Libre’s “commitment to the development and use of crypto assets and blockchain technology in the region,” the company said.Mercado Libre’s relationship with Paxos is not new. In December 2021, the e-commerce giant integrated Paxos’ blockchain infrastructure to allow users of its digital…