Latin American technology giant MercadoLibre, who has invested $ 750 million from PayPal, announced that it will remove crypto money listings from its platform.
According to the CCN, the Latin American e-commerce giant, which organizes e-commerce and online auctions in nearly 20 countries, will not only ban crypto-related listings, but will also remove prepaid gift cards and any digital assets customized to games.
MercadoLibre platform, which wants to strengthen its presence in countries such as Brazil, Argentina and Mexico with high sales volume, plans to go ahead of its rivals such as Amazon and eBay.
In the same e-mail, the company requested that all lists related to crypto coins and prepaid cards be concluded as soon as possible, otherwise on the 19th of March all of them would be removed.
MarcadoLibre's Chief Marketing Officer Sean Summer said PayPal and the Mercadolibre agreement would allow communication between different transaction teams.
”We'll explore areas of cooperation, let's see how the international skill of PayPal will help MercadoLibre's regional talent in the most ideal way.“
It is unclear why the company is doing so unexpectedly, but it can be predicted that PayPal is related to an investment of $ 750 million.
We know that crypto coins have the potential to overwhelm traditional payment systems such as Visa, Mastercard and Paypal.
According to Chepicap, market expert Lisa Ellis said one day the crypto coins would crush the giant private firms that the majority today use to transfer funds worldwide.
Ler The idea of farklı freedom of money or in their essence is completely different to the essence of traditional and special payment systems, “he says.
He also added that companies cannot resist new systems unless they accept crypto coins.
So it's not hard to predict why Latin America eBay does so.
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