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MercadoPago activates bitcoin trading in Mexico

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MercadoPago, Mercado Libre’s online payment wallet, now allows users to buy and sell bitcoin (BTC) and ether (ETH) in Mexico.

The information confirmed the application itself on its Twitter account, @MercadoPagoMexin which they pointed out that. Trading with these assets through the app is enabled as of Thursday, October 27. Mexico is now the second country in Latin America where the service is enabled.

Members of the Mexican community echoed the news on Twitter, where they shared screenshots of the MercadoPago application with the buying and selling service operational for the two countries. cryptocurrencies Largest cryptocurrencies on the market.

The MercadoPago application indicates that purchases of BTC and ETH. can be made as low as 1 USDand that the transaction is carried out directly from the platform. For this, MercadoPago relies on Paxosa company dedicated to the development of cryptocurrency services.

The activation of trading with bitcoin and ether at MercadoPago Mexico comes after Osvaldo Gimenez, the company’s CEO, announced the company’s plans in August of this year.

The plan is to expand cryptocurrency trading soon. through the platform to all of Latin America, as reported by CriptoNoticias.

The current announcement also fulfills the goal that Gimenez himself had outlined more than a year ago, when he said that the company would “were following closely“the possibility of adding cryptocurrency-related services to the payments platform.”

Already two countries in Latin America have activated the service.

With Mexico, there are now two Latin American countries where MercadoLibre allows trading with BTC and ETH. The first was Brazil, where it is possible to trade cryptocurrencies from November 2021. Also operates here in alliance with Paxos.

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The arrival of the BTC and ETH trading service on MercadoPago will allow Mexican users to to rely on the well-known platform for buying and selling cryptocurrencies.

According to the Global Adoption Index, Mexico is the 28th country in the world with the highest cryptocurrency adoption. prepared by by the Chainalysis Society. In this way, an entire growing community could benefit from these entrepreneurial ventures.

CryptoNews asked MercadoPago for comment on this service in Aztec land, but at the time of writing no response has been received.

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