MercadoLibre adds to cryptocurrency business

MercadoLibre adds to cryptocurrency business

Corporate & Sovereign Strategy Equity Technology Digital Payments Commerce Latin America Argentina Brazil United States

MercadoLibre, the biggest e-commerce company in Latin America, has taken perhaps its biggest step into the blockchain and cryptocurrency businesses by acquiring stakes in two companies, a move seen as helping drive the growth of digital currencies in the region. Buenos Aires-based MercadoLibre said Thursday that it had acquired shares in São Paulo-based 2TM Group, a financial technology firm that runs Mercado Bitcoin, the biggest cryptocurrency exchange in Latin America. MercadoLibre also made "

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