MercadoLibre collaborates with Facebook on LIBRA

According to the latest report, a South American online marketplace MercadoLibre is collaborating with social media giant Facebook, on its cryptocurrency Libra. MercadoLibre’s executive stated that the Libra cryptocurrency is likely to be integrated into the e-commerce platform as a way for payments. He further stated that most likely, Mercado Libre would be operating as a node in Facebook’s upcoming blockchain network. With its operation in nineteen countries, the online market place Mercado Libre is considered to be an important e-commerce platform in South America. Capital analyst at RBC stated that going forward this would be the most critical launch