MercadoLibre to Allow Crypto Investments Through Digital Wallet

Nov. 22, 2021, 3:59 PM

MercadoLibre Inc. is stepping up its foray into the crypto world through its digital payments app.

MercadoPago customers in Brazil will soon be able to buy, sell and hold cryptocurrencies using their digital wallets, as the largest Latin American company by market capitalization looks to expand its lineup of financial products. The possibility became available to a small group of clients earlier in November and will be rolled out more broadly in the coming weeks, according to Tulio Oliveira, a MercadoPago vice president.

“We took the time to study and learn before deciding to step into crypto,” Oliveira said in ...

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