Mercado Pago has announced it will be expanding the array of cryptocurrency services for Brazilian customers launched back in November.
From today, it will be possible to receive Bitcoin, Ethereum and Pax Dollar from other digital wallets through the Mercado Pago app. Last week, transfers within the app itself also started to be enabled.This increases the functionality of Mercado Pago’s trading services, which before behaved as a closed ecosystem, with users only being able to purchase and sell crypto from within the app.
Other companies like Nubank, which uses Paxos as a crypto services partner, also operate in the same way.The functionality of adding transfers between crypto accounts inside of Mercado Pago’s platform was also requested by customers, who can now move crypto without having to exchange it for Brazilian fiat currency.While the company started offering cryptocurrency services back in November, it has yet to open the system to allow withdrawals from the platform to other exchanges and wallets.
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