The minimum amount to start trading BTC and ETH in Chile is 50 Chilean pesos (equivalent to about 6 cents). The service is provided by Mercado Libre in partnership with Latin American crypto company Ripio.
Mercado Libre Inc (NASDAQ: MELI), the largest e-commerce company in Latin America with a market cap of $61.56 billion, has announced the expansion of its crypto trading services to Chile. As said by Osvaldo Jimenez, president of Mercado Libre linkedin postUsers in Chile can now buy, sell and save bitcoin (B T c) and Ethereum (ETH) from the Mercado Pago Wallet app.
The Mercado Pago app is easy to use, transactions can be completed directly through the app, and users are able to purchase cryptocurrencies with funds available in a Mercado Pago digital account.
Osvaldo Jimenez said:
“We eliminate barriers to access the #cryptomonedas market through a very simple operation from the app and very few operations, so even users with little experience or knowledge can take their first steps.”
Back in December 2021, when the service was launched, only Brazilian users could enjoy it. At that time, Mercado Pago also launched a crypto educational campaign to help its customers learn more about crypto. Furthermore, in November 2022, Mercado Pago entered the Mexican market, where the app garnered over 150,000 users in its first month of operation.
In Chile, Mercado Libre is the first in the country to offer this type of crypto operation.
Matias Spagui, Senior Director of Mercado Pago in Chile, commented:
“Entering the crypto business is another step in continuing to transform and expand financial services in Chile and Latin America. Through this new service, we aim to provide millions of Chileans with an educational, safe and secure way to generate greater financial inclusion. And want to provide access to the crypto world in a simple way.
The minimum amount to start trading BTC and ETH in Chile is 50 Chilean pesos (equivalent to about 6 cents). The service is provided by the company in partnership with Ripio, a Latin American crypto company.
About Mercado Libre
Mercado Libre provides tools for buying, selling, and getting paid through e-commerce transactions, as well as tools for collecting, generating leads, and comparing lists. Founded by Marcos Eduardo Galperin in 1999, Mercado Libre now has a presence in 18 countries, including Spain, Argentina, Brazil, Mexico, Paraguay, Colombia, Chile, Venezuela, Peru and others. The company operates under five main business units. Marketplace is a platform for users to sell products. Furthermore, Mercado Pago is an online payment platform. Mercado Publicado is the advertising unit of Mercado Libre. The company also offers Mercado Shops – a tool designed to enhance the overall ecosystem of the platform. Finally, there is the Mercado Crédito company’s line of credit.
In May 2021, MercadoLibre disclosed a $7.8 million bitcoin purchase.
Marcos Galperin, co-founder and CEO of Mercado Libre, said that “Cryptocurrencies are here to stay. They have a very important role, not as a means of payment but as a store of value.”
The company believes that cryptos are a great alternative to traditional finance.
Daria is a crypto enthusiast who strongly believes in the future of blockchain. Being a hospitality professional, she is interested in finding ways in which blockchain can transform various industries and bring our lives to a different level.
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