Mercado Pago Launches Cryptocurrency Trading Services in Mexico

Mercado Pago, the fiscal wallet part of Mercado Libre, the Latam e-tail giant, has announced the motorboat of cryptocurrency trading services successful Mexico. The institution has already launched this benignant of work successful Brazil, serving 1 cardinal customers successful the country, allowing them to purchase, store, and merchantability bitcoin and ethereum, and besides to person Mercado Libre’s ain token, mercadocoin.

Mercado Pago Debuts Crypto Purchases successful Mexico

Mercado Pago is aiming to turn successful Mexico with the instauration of cryptocurrency services. The company, which serves arsenic a wallet limb of Mercado Libre, announced connected Sep. 27 that it has activated the anticipation for customers to acquisition crypto with nationalist fiat currency successful Mexico. In this way, each lawsuit successful Mexico is present capable to acquisition bitcoin and ether utilizing funds disposable successful Mercado Pago’s autochthonal wallet.

In bringing this merchandise to Mexico, the institution seeks to supply much options to Mexicans that are already customers of the company. On this, Mercado Pago Mexico’s CEO Pedro Rivas stated:

Through this caller work we question to springiness millions of Mexicans entree to the crypto satellite successful an educational, harmless and elemental way, successful bid to make greater technological inclusion.

Mercado Libre’s Latam Expansion

This determination had been hinted astatine by the institution before. Osvaldo Gimenez, caput of Mercado Pago, announced a imaginable enlargement connected Aug. 4, remarking connected the value cryptocurrencies person arsenic an alternate concern successful Latam. The institution was a pioneer successful offering this benignant of work successful Brazil, with much than 1 cardinal customers enjoying this functionality since November 2021.

However, Mercado Pago is inactive not allowing customers to acquisition merchandise disposable successful Mercado Libre utilizing crypto yet. This goes successful enactment with what Marcos Galperin, co-founder and CEO of Mercado Libre, thinks astir the worth of crypto, attributing much value to its relation arsenic a store of worth than what it mightiness connection arsenic a means of payment. The institution besides launched its ain token, called mercadocoin, connected Aug. 20, but gave nary indications astir its motorboat successful Mexico.

Interest successful cryptocurrency successful Mexico has been rising steadily, and different companies person already introduced crypto arsenic a means of outgo arsenic portion of their respective concern models. Rappi, a nutrient transportation company, announced connected April 13 that it was launching a aviator to judge cryptocurrencies arsenic outgo for its services.

In July, Indira Kempis, a Mexican senator, introduced a measure to state bitcoin arsenic a ineligible tender arsenic a mode of improving the levels of fiscal inclusion and literacy of the citizens.

What bash you deliberation astir Mercado Pago launching crypto trading services successful Mexico? Tell america successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Diego Thomazini / Shutterstock.com

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.