Leading Latin America e-commerce store offers Bitcoin payment option

Mercado Libre, the biggest e-commerce store in Latin America, becomes the newest major company in the region to join the crypto adoption movement, allowing customers to buy selected properties from real estate agencies with Bitcoin (BTC).

Based on the announcement of the company that was created 20 years ago, they are offering 75% of properties that are on sale from seven agencies that accept BTC as the only payment method.

The properties include houses, apartments, and lands, among others available in several Argentinean cities such as Buenos Aires, Santa Fe, and Cordoba.

The development is being considered as another step towards the mainstream adoption of crypto.

Confidence in cryptocurrencies

The e-commerce store believes that digital currencies are an innovative value haven because their traceability, speediness, and security make it an effective avenue to settle payments.

According to News.bitcoin.com, Juan Manuel Carretero, a commercial manager at Mercado Libre, appreciated the role of Bitcoin (BTC) in the way people pay for goods today. He said, “We are always attentive to the changes that occur in the market. Bitcoin offers multiple advantages for real estate operations, both for the buyer and the seller.”

The e-commerce store also offered a webinar that targeted 300 real estate agencies as it aimed to provide more information about crypto.

The CEO’s interest in Bitcoin

The interest of Mercado Libre in cryptocurrencies also reflects the comments of its CEO early this year.

Argentine billionaire and CEO of e-commerce platform Marcos Galpering said that Bitcoin (BTC) is a better store of value than gold.

But even having said that, he also believes that the current dominant digital currency will not replace fiat currency, mainly because of what he thinks as “high energy cost required in processing its transfer.”


Image courtesy of Cointelegraph News/YouTube

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