MercadoLibre will accept Bitcoin and other cryptos as payment

The fintech arm of the major e-commerce player MercadoLibre, called MercadoPago, has announced that its Brazilian customers will be able to pay in Bitcoin (BTC) among others. In addition, Ethereum (ETH) and the Pax Dollar (USDP) will be added initially. However, the number of supported cryptocurrencies is expected to expand rapidly.

Collaboration with Paxos

Yesterday, United States (US) based Paxos announced this via a statement on their website. Paxos offers a popular blockchain infrastructure platform used by Facebook and Facebook, among others. The new partnership between MercadoPago and Paxos allows users to pay for all products sold on the platform using cryptocurrency. The crypto company also made the announcement via a Tweet on the social media Twitter.