The purchase of cryptocurrencies through Mercado Pago is a fact in Mexico

Mercado Libre is one of the Fintechs with a presence in well over a dozen territories in Latin America. It launches the purchase, marketing, and saving of cryptocurrencies through its payment wallet in Mexico.

Territories with Mercado Libre

The fact that Mercado Libre gave the green light that now Mexico will be given the service of buying cryptocurrencies through its payment application Mercado Pago.

Some of the territories where they are present in Mercado Libre would be the following:

Territories such as Brazil, Argentina, Colombia, and Ecuador (ranking seventh (7), thirteenth (13), fifteenth (15), and eighteenth (18) respectively).

First came Brazil

Brazil is positioned in seventh place in the analysis that started with this service’s use for the purchase of 3 cryptocurrencies: USDP, Bitcoin, and Ethereum.

Despite repeated statements in print and audiovisual media about the adoption of cryptocurrencies, it showed with this accession through Paxos that the crypto market is now part of its portfolio of services which that same week would activate the purchase and trading of cryptocurrencies from the mobile application.

Mexico with a new way to buy cryptocurrencies

The minimum purchase is one peso, so it is also an offer for the Mexican public, which has been growing in the adoption of cryptocurrencies.

In Mexico, the use of both huge cryptocurrencies in the market, Bitcoin and Ethereum, predominates.

The same metric suggests that the market for cryptocurrencies currently in Mexico is 12 million individuals, which points to a fairly large market to lump into the company’s payments network.

Mercado Pago appears to be exclusive with the minimum purchase choice of one peso.

It is still unknown whether it will extend the offer of cryptocurrencies in the territory, and will follow in the footsteps of the large South American because Brazil is available in addition to Bitcoin and Ethereum, the stablecoin USDP.