Mercado Pago director Osvaldo Gimenez revealed MercadoLibre's plans to expand trading with Bitcoin and other cryptocurrencies through its platform throughout Latin America. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
MercadoLibre will enable Bitcoin payments throughout Latin America
📍Osvaldo Gimenez has revealed MercadoLibre's plans to expand trading in Bitcoin and other cryptocurrencies in Latin America. During an interview with El País, Osvaldo Gimenez revealed that MercadoLibre plans to advance its cryptocurrency adoption strategy, to allow millions of users in Latin America the possibility of buying, selling and holding cryptocurrencies through their accounts on the e-commerce platform.
MercadoLibre's decision is driven primarily by people's need to access the financial system. Gimenez commented that almost half of the population in Latin America does not have access to a bank account. However, the need for banking in the Latin population can be met through Bitcoin and crypto assets.
The director of Mercado Pago also spoke about the success the company had with its cryptocurrency services in Brazil. As Bit2Me News had reported, in November 2021, MercadoLibre enabled its new services in cryptoassets in the Latin country, allowing its Brazilian customers the possibility of making and receiving payments with cryptocurrencies such as Bitcoin, through their digital wallets in MercadoPago.
Ethereum brings forward the date for the arrival of The Merge
📍Thursday, September 15th is the new tentative date for The Merge to arrive on the Ethereum network. Ethereum developers discussed migrating from the Proof of Work network to the new Proof of Stake blockchain during a developer call on Thursday.
The successful migration of the Goerli testnet to the Beacon Chain this week has sparked debate as the next step for developers is to migrate the mainnet to the Ethereum consensus layer. As reported by Ethereum Foundation researcher Ansgar Dietrichs, the developers have agreed to move up the possible migration date, The Merge, to Thursday, September 15. Initially, The Merge was planned to occur on Monday, September 19.
Dietrichs also announced that the Bellatrix update will arrive on Tuesday, September 6.
Polkadot creates its own version of Wrapped Bitcoin
📍InterBTC (iBTC) is the new 1:1 Bitcoin-backed token on the Polkadot blockchain. iBTC works in a similar way to Wrapped Bitcoin (wBTC) that exists on the Ethereum network. It is a wrapped token that allows Bitcoin holders the ability to use their cryptocurrency in other blockchain environments and ecosystems, such as Ethereum and, in this case, Polkadot.
The iBTC token was developed by the Interlay decentralized network, which focuses on stablecoins.
Arbitrum Nova welcomes more than 100 projects from the crypto industry
📍SushiSwap and MakerDAO have moved to Arbtirum Nova. The new Arbitrum Nova blockchain platform, launched by Offchain Labs, the developers behind the Arbitrum One sidechain, already hosts more than 100 projects from the crypto industry within its ecosystem, the network's developers reported on Twitter.
In the publication, Arbitrum reported that they have given access to More than 100 developer teams from different projects, which are interested in building on the new Arbitrum Nova blockchain. Among these teams are SushiSwap and MakerDAO, two of the most important protocols in the Ethereum DeFi ecosystem.
As reported by this media, Arbitrum Nova is a new blockchain focused on the world of gaming and social applications. The official launch of this network took place this week.
Bitcoin's computing power grew by 2,5% in the last 30 days
📍Bitcoin's hash rate has increased by 2,5% over the past month, according to data from Blockchain.com. Currently, the computing power of the Bitcoin network, known as hash rate, and one of the most important metrics of the blockchain network, is 207,2 exahashes per second (EH/s), which represents an increase of 2,5% compared to last July.
Continue reading: Addresses holding 1 BTC or more hit a new all-time high
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