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Mercado Libre Starts Accepting Payment in Bitcoin in Brazil

Mercado Libre decision to accept Bitcoin is a major breakthrough, as it gives legal status to cryptocurrencies. There are more than 3,000 stores or brands within Libre’s ecosystem in the region. Brazilians can now pay in Bitcoin for the goods they purchase through Latin American e-commerce site Mercado Libre. The online retailer has partnered with Atlanta, Georgia-based payment services provider Bitpay to enable the service on its platform. Mercado’s decision to accept Bitcoin is a major…

Argentines love Bitcoins but are they safe ?

Early today, the world’s most established exchange for bitcoin disappeared from the internet, sending the price of the virtual currency tumbling and prompting fears that the world’s biggest experiment in electronic cash could soon be strangled by fraud or regulation. Here’s an explanation of what bitcoins are, how exchanges work, and why the demise of the Mt. Gox exchange, means many people may have lost a lot of money. Q: What’s a bitcoin? A: Bitcoin is an online currency that allows…
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