As the cryptocurrency industry continues to dominate the entire world, more mainstream institutions are rallying on it. Out of all the cryptocurrencies, Bitcoin (BTC) is the digital asset majority of the adoption is coming to.
It is no longer a matter of a firm investing in Bitcoin (BTC) by purchasing them. The mainstream institutions have now started offering their customers the option of using Bitcoin (BTC) as a payment method.
PayPal as the online payment solutions giant was the first mainstream institution to adopt Bitcoin (BTC) in this manner. At the beginning of April 2021, PayPal announced it was now accepting Bitcoin (BTC) as a mode of payment.
Another prominent entity was Tesla, whose CEO, Elon Musk confirmed they were also accepting Bitcoin (BTC) for Tesla purchases.
This time around, another e-commerce giant is ready to give Bitcoin (BTC) the same status as PayPal and Tesla. The name of the particular e-commerce platform is Mercado Libre, which is one of the largest e-commerce giants from Latin America.
Mercado Libre is one of the recent mainstream giants that has adopted cryptocurrencies as a mode of payment. According to its officials, the move comes after carefully observing the world economy and the trading markets.
The world is gradually shifting from real-time shopping to online, and they are more likely to pay in digital assets than pay in cash. The credit for this development goes to cryptocurrencies that have reshaped the financial system in a more complex yet comprehensible way.
Although the traditional financial institutions find the sector as a tangled-up industry. On the other hand, individuals (users) find it to be a great milestone in moving the centralized nature of finances to a decentralized system.
According to Mercado Libre, the customers on the platform will have access to buy properties in Bitcoin (BTC). However, not all properties will be up for sale in the form of Bitcoin (BTC). Only the authorized real-estate agencies will have access to selling their properties through Bitcoin (BTC).
There is another catch with such properties that these will have no other payment method than Bitcoin (BTC) for purchasing. Mercado Libre is one of the oldest firms in Latin America known for offering sales of properties.
It currently has several real-estate posting ads for more than 75 properties that are for sale via Bitcoin (BTC). At present, the properties up for sale in Bitcoin (BTC) are in different areas and regions. Some of the major areas include Cordoba, Santa Fe, and Buenos Aires. These are all cities located in Argentina and can be purchased with Bitcoin (BTC).
The properties up for sale are not only houses but they also comprise of lands, apartments, and other properties as well.