.MercadoLibre, Latin America’s largest e-commerce company by market value, has enabled crypto trading in its digital wallet MercadoPago in Chile in partnership with RipioApp. andresengler reports
Mercado Libre, Latin America’s largest e-commerce company by market value, has enabled crypto trading in Chile via its digital wallet, Mercado Pago.
Users of Mercado Pago in Chile can now trade bitcoin and ether with a minimum amount of 50 Chilean pesos , Mercado Libre’s fintech vertical director Osvaldo Gimenez said inMercado Pago is offering the trading feature in partnership with Latin American crypto company Ripio. The company previously enabled crypto trading in Brazil in December 2021 and launched the same service in Mexico the following year.
According to Gimenez, more than 2 million users traded crypto on Mercado Pago in Brazil since December 2021, while more than 150,000 did so in the first month after the launch of that feature in Mexico. “Entering the crypto business is another step to continue transforming and expanding access to financial services in Chile and Latin America,” said Matías Spagui, senior director of Mercado Pago in Chile. “Through this new service, we seek to give millions of Chileans access to the crypto world in an educational, secure and simple way, in order to generate greater financial inclusion.”
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