South American e-commerce, MercadoLibre works with Facebook on coin project

17 Jun, 2019
by Fifi Arisandi
Update
South American e-commerce, MercadoLibre works with Facebook on coin project

More partnerships for upcoming Facebook coin, this time came from South American e-commerce platform, MercadoLibre.

Facebook coin seems to be highly anticipated as more partnerships are announced. The most recent came from Brazil where renowned online marketplace, MercadoLibre is reported to work with Facebook on the Libra cryptocurrency project.

According to an anonymoys executive from the e-commerce company, the new crypto will be integrated on MercadoLibre’s platform as a form of payment.

That said, he added that his company is very unlikely to operate as a node in the upcoming crypto.

The partnership with the e-commerce platform that operates in 19 South American countries is just one of the many collaborations to make Facebook’s coin project come true.

Earlier, it was reported that a consortium has been created to govern the coin project with Andreessen Horowitz, Union Square Ventures, Coinbase and no-profit Mercy Corps included as the members, as reported by Cointelegraph.

Other companies, such as Visa, Mastercard, PayPal and Uber are also showing their support to the social media giant on their crypto project.

Stick with Chepicap for more updates on Facebook’s cryptocurrency.

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