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Mercado Libre’s financial arm, Mercado Pago, will enable cryptocurrency transactions in Brazil

RIO DE JANEIRO, BRAZIL - The financial arm of Mercado Libre, Mercado Pago, announced on Thursday (2) the launch of buying and selling cryptocurrencies through its application at a time when digital currencies are gaining rapid popularity in Brazil.

In partnership with the custody and blockchain platform Paxos, the company's users will be able to trade bitcoin, the best known among cryptocurrencies, ethereum, and the Stablecoin USDP, with operations starting at R$1, the company said.

Operations with other digital currencies should be included later, but there is no expected date yet.

The announcement reinforces the move by Latin America . . .

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