Mercado Libre Made a Strategic Investment in Paxos and Mercado Bitcoin

8

The largest e-commerce firm in Latin America – Mercado Libre – acquired shares in the 2TM Group (a parent company of the cryptocurrency platform Mercado Bitcoin). Separately, it made a “strategic investment” in another digital asset-oriented organization Paxos.

Jumping into Crypto Once Again

The leading Argentinean e-commerce platform Mercado Libre, which has displayed a pro-crypto stance during the last several months, continues to support the industry. The company recently announced it allocated an undisclosed amount of its portfolio to 2TM (the holding company of Brazil’s largest digital asset exchange) and Paxos.

Mercado Libre expects this initiative to “stimulate the regional ecosystem, allowing it to offer increasingly relevant products and services to Latin American entrepreneurs and users.”

Commenting on the matter, Andre Chaves – Senior Vice President of Strategy and Corporate Development for Mercado Libre – said:

“As a leading technology company, we are actively evaluating the various innovations and opportunities around this market as it evolves, aiming to be a core participant in this disruption. Digital assets and blockchain technology represent a unique, global and collective phenomenon that breaks barriers and create a level, open playing field for all users to achieve economic empowerment, which is very aligned with our mission as a company.”

In turn, Daniel Cunha – Executive Vice President of Corporate Development at 2TM Group – opined that Mercado Libre’s investment could significantly impact the development of cryptocurrencies and blockchain in the Latin American region.

While Mercado Libre’s partnership with 2TM is new, this is not the case with the Paxos one. Last year, the two entities collaborated, granting Brazilian customers the opportunity to buy, sell, and hold Bitcoin, Ether, and Paxos-issued US dollar-backed stablecoin USDP.

Mercado Libre’s Crypto Forays

In the spring of 2021, the Argentinean e-commerce giant allowed customers to purchase numerous apartments, houses, townhouses, lots, land, and other properties in Buenos Aires, Santa Fe, and Cordoba with bitcoin should they be willing to use that type of payment method.

Shortly after, the company strengthened its crypto support by adding $7.8 million worth of BTC to its balance sheet as part of its treasury strategy.

Mercado Libre is listed on Nasdaq and trades under the ticker MEDI. Interestingly, soon after the organization revealed its bitcoin purchase, the price of its shares increased by more than 1%.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.


Source link

You might also like
8 Comments
  1. SaufLagma says

    An unpleasant metal friction sounded, and the Ghost Rider was surprised to see that the thick armor was twisted how long for meds to bring blood pressure and deformed under the skeleton s hand bone, and it was constantly cracked 36 hour cialis online

  2. VoksJoido says

    Women who may become pregnant must use effective nonhormonal birth control eg, condoms, diaphragm during sexual intercourse while they are taking Tamoxifen Wockhardt solution and for 2 months after they stop taking it proscar no script

  3. Abibiajal says

    This risk reduction occurred in women regardless of age; of history of noninvasive breast disease, including both lobular carcinoma in situ LCIS and atypical hyperplasia; and of other breast cancer risk factors what is viagra pill

  4. Abibiajal says

    don’t take viagra with com 20 E2 AD 90 20Viagra 20Contrareembolso 20Correos 20 20L 20Arginina 20Y 20Viagra viagra contrareembolso correos Critics of the central bank, including some Republicans now confronting President Barack Obama s Democrats over a deal to fund the government and lift the U

  5. wiWgwXP says

    Women have been able to successfully breastfeed their babies after they were treated for breast cancer cialis generic cost

  6. TzNqSr says

    Longer the delay, the longer the chance for the underlying neoplasm to spread, potentially leading to lymph node metastasis, if not occurred already, worsening the stage of the disease lamina propecia

  7. XIWNvTM says

    The research shows promising results, but the side effect is unbearable levitra quand le prendre Specifically, we review treatments indicated for American College of Cardiology American Heart Association stages C D HF, including implantable cardiac defibrillators, cardiac resynchronization therapy CRT, mechanical circulatory support devices, and orthotopic heart transplantation OHT

  8. ppu-prof_ml says

    Наша команда искусных мастеров приготовлена предложить вам актуальные средства, которые не только обеспечат устойчивую покров от холодильности, но и преподнесут вашему домашнему пространству модный вид.
    Мы деятельны с новыми составами, подтверждая постоянный термин эксплуатации и блестящие результирующие показатели. Утепление внешней обшивки – это не только экономия на обогреве, но и внимание о экологии. Экологичные методы, какие мы применяем, способствуют не только жилищу, но и сохранению экосистемы.
    Самое ключевое: [url=https://ppu-prof.ru/]Стоимость утепления дома снаружи цена[/url] у нас начинается всего от 1250 рублей за кв. м.! Это бюджетное решение, которое преобразит ваш домик в истинный тепличный корнер с минимальными издержками.
    Наши работы – это не исключительно теплоизоляция, это образование пространства, в где каждый элемент символизирует ваш собственный манеру. Мы примем все твои потребности, чтобы переделать ваш дом еще более удобным и привлекательным.
    Подробнее на [url=https://ppu-prof.ru/]http://www.ppu-prof.ru/[/url]
    Не откладывайте дела о своем ларце на потом! Обращайтесь к экспертам, и мы сделаем ваш обиталище не только теплым, но и по последней моде. Заинтересовались? Подробнее о наших услугах вы можете узнать на сайте компании. Добро пожаловать в универсум благополучия и качества.

Leave A Reply

Your email address will not be published.