• MercadoLibre, the largest e-commerce platform in Latin America, has announced that it has enabled bitcoin and cryptocurrency trading to its users in Chile.
• The feature will allow Chilean users to buy, sell and save bitcoin through the company’s MercadoPago wallet app.
• This makes MercadoPago the first digital account in the country to offer this type of operation, according to a statement posted on LinkedIn by Osvaldo Gimenez, President of MercadoLibre.
Introduction
MercadoLibre, the largest e-commerce platform in Latin America, has announced that it has enabled bitcoin and cryptocurrency trading to its users in Chile.
How It Works
The feature will allow Chilean users to buy, sell and save bitcoin through the company’s MercadoPago wallet app. This makes MercadoPago the first digital account in the country to offer this type of operation, according to a statement posted on LinkedIn by Osvaldo Gimenez, President of MercadoLibre. The process is intended to be easy with low minimum amounts so even novice users can take their first steps into cryptocurrency.
Goal
The goal is to eliminate barriers and make cryptocurrency more accessible for people with less experience or knowledge about it.
Previous Action Taken
MercadoLibre previously enabled this feature for Brazil customers back in November 2021 after purchasing $7.8 million worth of Bitcoin back in May 2021.
Conclusion
Osvaldo Gimenez stated that “we continue to open doors of cripto world for millions of users in region: first Brazil and Mexico and now also #MercadoPago users in Chile can buy, sell and save #Bitcoin.”