Latin American e-commerce giant Mercado Libre will allow Brazilian users to invest in cryptocurrencies

Latin American e-commerce giant Mercado Libre will allow Brazilian users to invest in cryptocurrencies

2021/11/23

According to reports, Mercado Libre, the largest e-commerce company in Latin America, confirmed on Monday that it would allow Brazilian users to buy, sell and hold cryptocurrencies. Mercado Libre will enter the Brazilian cryptocurrency market with world-class custodians, although it did not specify who it will partner with to provide this service. The company "is analyzing all financial and regulatory issues surrounding this technology." In November, Tulio Oliveira, vice president of its fintech unit Mercado Pago, said the company offered the feature to a small group of Brazilian users and planned to This feature will be rolled out more widely in the coming weeks.

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