• MercadoLibre, the largest e-commerce platform in Latin America has enabled bitcoin and cryptocurrency trading to its Chilean users.
• The feature will allow users to buy, sell and save bitcoin through MercadoPago wallet app.
• This makes MercadoPago the first digital account in Chile to offer this type of operation.
MercadoLibre Enables Bitcoin Trading for Chilean Users
MercadoLibre, the largest e-commerce platform in Latin America, has announced that it has enabled cryptocurrency trading to its Chilean users. Through its MercadoPago wallet app, users are now able to buy, sell and save bitcoin with ease. This makes MercadoPago the first digital account in Chile to offer this type of operation.
Benefits for Users
The aim of the move is to eliminate barriers for those wanting to access the cryptocurrency market in Chile by making it more accessible and simple even for novice users with little or no experience in the field. The process is expected to be “very simple” with low minimum amounts required for operations so that anyone can take their first steps into the market without needing a lot of money upfront.
Previous Developments
This development follows after the company purchased $7.8 million worth of Bitcoin back in May 2021 as well as enabling similar features for Brazilian customers back in November 2021.
Statement from Osvaldo Gimenez
Osvaldo Gimenez, President of MercadoLibre said “We 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”
Conclusion
This move by MercadoLibre shows their commitment towards making cryptocurrencies more accessible and available to people throughout Latin America therefore allowing them more freedom when it comes to investing their money into digital assets.