The biggest e-commerce store in Latin America is the latest major company in the region to join the crypto adoption movement. Mercado Libre is now allowing its customers to buy a selected number of properties from real estate agencies with bitcoin.
Properties Listed Donâ€™t Offer Alternative Payment Methods Aside From Bitcoin
According to the announcement, the firm created 20 years ago offers 75 properties on sale from seven agencies that accept bitcoin (BTC) as the only payment method. The houses, apartments, lands, among others, are located in several Argentinean cities, such as Buenos Aires, Santa Fe, and Cordoba.
Mercado Libre believes that cryptocurrencies are an â€œinnovative value haven,â€ as their traceability, speediness, and security make it a proper way to arrange payments.
In fact, the e-commerce store offered a webinar where it provided further information on cryptos targeting over 300 real estate agencies.
Juan Manuel Carretero, commercial manager of Vehicles, Real Estate and Free Market Services at Mercado Libre, praised bitcoinâ€™s role in the way that people are paying for goods nowadays:
The process to acquire a property with BTC is simple â€“ said the company, as the interested people should choose its preferred one, listed in fiat increments, then reach out to the agency and agree upon the bitcoin payment at the exchange price of the day.
Mercado Libre CEOâ€™s Interest on Bitcoin
The interest of Mercado Libre in cryptocurrencies goes in line with comments from its CEO early this year. Marcos Galpering, Argentine billionaire and CEO of the e-commerce platform, said bitcoin is a better store of value than gold.
However, the billionaire believes the current dominant cryptocurrency will not replace fiat currency due to what he terms the high â€œenergy cost required to process its transfers.â€
What do you think about Mercado Libreâ€™s announcement? Let us know in the comments section below.
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