29 Sep '15, 8am

The ‘eBay of Latin America’ Announces Bitcoin Plans via @CoinDesk

The ‘eBay of Latin America’ Announces Bitcoin Plans via @CoinDesk

MercadoLibre, Latin America's answer to eBay, has announced it is integrating bitcoin into its payments platform, MercadoPago. In an email to users, the marketplace said the initiative would keep its merchants "one foot in the future". The region has been tipped as a hotbed for bitcoin as users seek alternatives to their local currency, and easier ways to pay online. However, startups still have various hurdles to overcome. It's not yet clear when the roll out will occur, nor which of MercadoLibre's 13 countries will be supported. According to the company, the integration will be subtle – merchants will only know they have been paid in the digital currency via a note in their transaction history. Like any other transaction, they will be able to cash out from MercadoPago in the payment method of their choice. eBay links Founded in 1999, MercadoLibre is the largest e-commerc...

Full article: http://www.coindesk.com/the-ebay-of-latin-america-announc...

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