E-Commerce Giant Mercado Libre Taps Paxos to Power Crypto Service in Brazil

Posted on by American Coins & Gold

E-Commerce Giant Mercado Libre Taps Paxos to Power Crypto Service in Brazil
Mercado Libre, Latin America’s largest e-commerce company by market value, is integrating Paxos’ blockchain infrastructure to allow users in Brazil to buy, sell and hold cryptocurrencies, Mercado Libre announced Thursday.Starting later this month, users of Mercado Pago, Mercado Libre’s digital wallet, will be able to buy and sell bitcoin, ether and the stablecoin Pax dollar (USDP), Mercado Libre said. The minimum amount required for a transaction will be 1 Brazilian real, it added.Paxos will handle crypto trading and custody for Mercado Pago users in an arrangement similar to its integration with PayPal in late 2020 – a service that was…