Mercado Bitcoin News

Mercado Bitcoin, one of the largest crypto exchanges in Latin America and a partner of Mastercard, is working with Ripple on crypto-enabled international payments.

Along with the recent wave of lawsuits, this week’s Crypto Biz also explores Apple’s new headset, Brazil’s Mercado Bitcoin payments arm, and how regulators target AI-generated fake news.

As a payment institution, MB Pay will enable certain digital banking services to the crypto exchange’s users in the country.

The expansion may not necessarily include Mercado Bitcoin acquiring a Mexico-based crypto exchange to operate in the country.

While crypto companies have been faced with major layoffs, things are nowhere as bad as the tech industry or other traditional sectors.

Cryptocurrency companies unite to create use cases for Brazil’s CBDC with central bank approval.

The crypto exchange previously announced the acquisition of blockchain infrastructure platform Bison Trails as well as the Routefire platform.

A Brazilian newspaper, Estadão, reported that Coinbase could complete the acquisition of $2.2 billion 2TM, the company behind Mercado Bitcoin, by April.

After raising over $250 million from firms such as SoftBank last year, Brazil’s 2TM Group is expanding into Europe.