MercadoLibre (Nasdaq: MELI), Latin America’s leading e-commerce technology company, has purchased a small amount of Bitcoin, as per a filing yesterday with the US Securities and Exchange Commission (SEC).

The post Another U.S. public listed company just bought $7 million in Bitcoin appeared first on CryptoSlate.

The Latin American technology retail firm listed on NASDAQ, MercadoLibre recently disclosed that they have made an investment of $7.8 million in Bitcoin.

Argentine E-commerce platform MercadoLibre, which has been branded the “Amazon of Latin America” has stepped into the Bitcoin market. The company, which has several branches in the United States revealed that it had purchased almost $8 million worth of Bitcoin. MercadoLibre buys Bitcoin to safeguard company’s Treasury According to the company’s First quarter financial highlights of […]

New allocations from big business come as momentum behind the latest altcoin rally seems to shift away from familiar names.

The world’s largest cryptocurrency is up by nearly 5% in the last 24 hours.

On a financial results report dated May 5th, e-commerce giant MercadoLibre dropped the bomb. The company is the latest institution to add Bitcoin to its balance sheet. It follows MicroStrategy, Square, and Tesla’s highly covered buys. Bitcoin’s institutional adoption is in its infancy, but advancing non-stop. In the financial highlights for 2021’s First Quarter, the […]

On Wednesday (May 5), MercadoLibre, Inc. (NASDAQ: MELI), the Argentinian company that operates marketplaces throughout Latin America, mentioned Bitcoin as part of its Q1 2021 earnings report. The Latin American e-commerce giant, which is headquartered in Buenos Aires, Argentina, said in the Form 8-K that it filed with the U.S. Securities and Exchange Commission (SEC) […]

MercadoLibre, the Latin American e-commerce and fintech company, said in a Wednesday regulatory filing that it now holds bitcoin on its balance sheet.

The post Latin American e-commerce giant MercadoLibre discloses treasury bitcoin buy appeared first on The Block.

Argentina’s high inflation rate, a collapsing peso, and worsening economic crisis have caused citizens to seek refuge in bitcoin and other cryptocurrency assets.  Argentina Citizens Purchase Crypto to Safeguard Assets Argentina has suffered a recession since 2018, with the advent of the coronavirus pandemic further dealing a heavy blow to the country’s economic situation. Also,Read More

Mercadolibre, the largest Latin American E-commerce, and Payment platform enabled its users to purchase real estate using Bitcoin. While the Argentinan giant will to settling transactions directly through its platform, the use of Bitcoin as a valid payment method in the South American continent is sure to boost the adoption of cryptocurrencies in the continent. [...]

The post Latin America’s Biggest Marketplace Now Accepting Bitcoin for Real Estate appeared first on Blockonomi.

The huge US food chain restaurants Landry’s Inc will start enabling BTC Payments so now all BTC holders will be able to purchase food from places like Bubba Gump Shrimp and Muscle Maker Grill so let’s read more in our latest Bitcoin news today. The number of companies and organizations that accept BTC and other […]

Less than 6 months after its launch in Mexico’s markets, the Argentina-based Fintech firm Ualá has managed to issue over 100,000 debit cards...