In a move that strengthens the position of cryptocurrencies in Brazil, Mercado Bitcoin, one of the leading cryptocurrency companies in the country, has obtained a license to operate as a payment institution from the Central Bank of Brazil.

With this authorization, the company can now function as a source of electronic funds and expand its range of services to include more financial offerings.

CEO Roberto Dagnoni expressed his enthusiasm, noting that this license enables them to provide a more comprehensive experience for customers.

The exchange aims to introduce financial services that combine the power of cryptocurrencies with traditional financial offerings, such as encrypted payment cards in the near future.