RIO DE JANEIRO, BRAZIL – Mercado Libre on Thursday announced it has bought a stake in 2TM, parent company of Mercado Bitcoin, and blockchain platform Paxos, without disclosing amounts, as Latin America’s largest e-commerce website expands its stake in transactions involving digital currencies.
In a partnership with Paxos in December, Mercado Libre began offering cryptocurrency trading (bitcoin, ethereum, and USDP) through its digital accounts.
Last May, Mercado Libre announced that it had purchased US$7.8 million in bitcoin for its treasury.