{"id":1209670,"date":"2023-03-31T01:43:30","date_gmt":"2023-03-31T00:43:30","guid":{"rendered":"https:\/\/www.businesstelegraph.co.uk\/mercado-libre-launches-crypto-trading-in-chile-financefeeds\/"},"modified":"2023-03-31T01:43:30","modified_gmt":"2023-03-31T00:43:30","slug":"mercado-libre-launches-crypto-trading-in-chile-financefeeds","status":"publish","type":"post","link":"https:\/\/www.businesstelegraph.co.uk\/mercado-libre-launches-crypto-trading-in-chile-financefeeds\/","title":{"rendered":"Mercado Libre launches crypto trading in Chile &#8211; FinanceFeeds"},"content":{"rendered":"<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- newscabal uk text -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"3688094655\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<div class=\"ff-single-excerpt\">\n<p>Argentine e-commerce giant Mercado Libre (MELI) is continuing with expansion plans for its crypto business with a fresh launch in Chile, a comparatively wealthy South American nation.<\/p>\n<\/div>\n<p> <noscript><img loading=\"lazy\" width=\"300\" height=\"131\" src=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/03\/Mercado-Libre-launches-crypto-trading-in-Chile-FinanceFeeds.png\" class=\"attachment-medium size-medium wp-post-image\" alt=\"Mercado Libre\" decoding=\"async\"  \/><\/noscript><img loading=\"lazy\" width=\"300\" height=\"131\" src=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/03\/Mercado-Libre-launches-crypto-trading-in-Chile-FinanceFeeds.png\" class=\"lazyload attachment-medium size-medium wp-post-image\" alt=\"Mercado Libre\" decoding=\"async\"  data-\/><\/p>\n<p>Mercado Pago, the online payment platform owned by Mercado Libre, has partnered with Latin American fintech Ripio to be the go-to destination for Chileans interested in getting into cryptocurrency. Both companies had jointly developed and launched Mercado Coin, an Ethereum ERC-20 token, which will be also available to local traders.<\/p>\n<p>The payments app has crypto trading functions and allows customers to buy, sell and save Bitcoin, as well as Ethereum and stablecoins.<\/p>\n<p>After years of court battles in Chile, cryptocurrency exchanges were allowed to open bank accounts through a financial institution that established a protocol to serve these businesses. Chile\u2019s central bank also announced last year a strategy for the potential roll-out of its own digital currency as policymakers seek to keep pace with fast-spreading cryptocurrencies.<\/p>\n<p>Mercado Pago, reportedly the largest online payment platform in Latin America, initially launched its crypto trading service in December 2021 in Brazil.\u00a0 Further, in November 2022, it entered the Mexican market, where it says the first month of operation brought as many as 150 thousand users to the app.<\/p>\n<p>Now, Mercado Pago is looking for a similar bump in Chile as the e-commerce platform proceeds with its gradual rollout in what the company\u2019s President Osvaldo Gimenez calls \u201caggressive growth\u201d.<\/p>\n<p>\u201cWe continue to open the doors of the #cripto world for millions of users in the region: first Brazil and Mexico, and now also #MercadoPago users in Chile can buy, sell and save #Bitcoin and #Ethereum from the app. When we launched this feature in Mexico, in the first month 150 thousand users operated, while in Brazil we are already going for 2 million users and counting. We eliminate barriers to access to the #criptomonedas market, through a very simple operation from the app and with minimum amounts to operate very low, so that even users with less experience or knowledge can take their first steps,\u201d he added in a Linkedin post.<\/p>\n<p>The move comes months after Coinbase laid out its strategy to build a tech hub in Latin America. Following this acquisition, Coinbase\u2019s next steps will be to expand outside of Brazil, hopefully finding acquisitions in Chile, Colombia, Mexico and Argentina.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"7859258044\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/financefeeds.com\/mercado-libre-launches-crypto-trading-in-chile\/\">READ SOURCE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Argentine e-commerce giant Mercado Libre (MELI) is continuing with expansion plans for its crypto business with a fresh launch in Chile, a comparatively wealthy South American nation. Mercado Pago, the online payment platform owned by Mercado Libre, has partnered with Latin American fintech Ripio to be the go-to destination for Chileans interested in getting into [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1209671,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_oct_exclude_from_cache":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1209670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mercado Libre launches crypto trading in Chile - FinanceFeeds - Business Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financefeeds.com\/mercado-libre-launches-crypto-trading-in-chile\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mercado Libre launches crypto trading in Chile - FinanceFeeds - Business Telegraph\" \/>\n<meta property=\"og:description\" content=\"Argentine e-commerce giant Mercado Libre (MELI) is continuing with expansion plans for its crypto business with a fresh launch in Chile, a comparatively wealthy South American nation. Mercado Pago, the online payment platform owned by Mercado Libre, has partnered with Latin American fintech Ripio to be the go-to destination for Chileans interested in getting into [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/financefeeds.com\/mercado-libre-launches-crypto-trading-in-chile\/\" \/>\n<meta property=\"og:site_name\" content=\"Business Telegraph\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-31T00:43:30+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/03\/1680234039_Mercado-Libre-launches-crypto-trading-in-Chile-FinanceFeeds.png\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"businesstelegraph\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"businesstelegraph\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/financefeeds.com\/mercado-libre-launches-crypto-trading-in-chile\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/www.businesstelegraph.co.uk\/mercado-libre-launches-crypto-trading-in-chile-financefeeds\/\"},\"author\":{\"name\":\"businesstelegraph\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/person\/0a3a6a0f58402f1f2af94e02d0987b78\"},\"headline\":\"Mercado Libre launches crypto trading in Chile &#8211; 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