Mercado Libre, Latin America’s largest e-commerce firm by market worth, has enabled crypto buying and selling in Chile by way of its digital pockets, Mercado Pago.
Customers of Mercado Pago in Chile can now commerce bitcoin (BTC) and ether (ETH) with a minimal quantity of fifty Chilean pesos (equal to about 6 cents), Mercado Libre’s fintech vertical director, Osvaldo Gimenez, stated in a LinkedIn submit.
Mercado Pago is providing the buying and selling function in partnership with Latin American crypto firm Ripio. The corporate beforehand enabled crypto buying and selling in Brazil in December 2021 and began the identical service in Mexico final yr.
In line with Gimenez, greater than 2 million customers have traded crypto on Mercado Pago in Brazil since December 2021, whereas greater than 150,000 did so within the first month after the launch of that function in Mexico.
“Coming into the crypto enterprise is one other step to proceed reworking and increasing entry to monetary companies in Chile and Latin America,” stated Matías Spagui, senior director of Mercado Pago in Chile. “Via this new service, we search to provide tens of millions of Chileans entry to the crypto world in an academic, safe and easy approach, so as to generate better monetary inclusion.”
Edited by Stephen Alpher.