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MercadoLibre plans to accept BTC and cryptocurrencies as payment for all products -Breaking


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MercadoPago. Fintech division of the e-commerce giant MercadoLibre (NASDAQ:)The company has helped Brazilian clients buy, sell and retain (BTCEther (ETH) and the Paxos-issued U.S. dollar-backed stablecoin Pax Dollar (USDP). Statement issuedThursday will see the official launch of the Paxos partnership with MercadoPago. This is the same platform that PayPal (NASDAQ) and Facebook use to create their blockchain infrastructure platforms. Please allowUsers can use cryptocurrency to purchase all the products on the platform.

This announcement marks one of the most significant stablecoin transactions within a noncrypto wallet. Brazilians can purchase USDP to buy U.S. Dollars. The stablecoins have the potential to be used in an inflation-affected Latin America. ProvideA safety net from fiat currency debasement