Latin American e-commerce leader Mercado Libre has expanded its cryptocurrency services to Chile via its digital wallet platform Mercado Pago. This strategic move follows the company's successful crypto adoption initiatives in Brazil and Mexico.
Key Developments
- Partnership with Ripio: Mercado Pago collaborates with Latin American crypto firm Ripio to facilitate seamless cryptocurrency trading for Chilean users.
Proven User Adoption:
- Over 2 million users conducted crypto transactions in Brazil since December 2021
- 150,000+ users engaged during the first month of Mexico's service launch
- Strategic Expansion: Chile becomes the third Latin American market to receive integrated crypto trading capabilities
Market Implications
👉 Discover how crypto payments are transforming e-commerce
The integration demonstrates:
- Growing mainstream acceptance of digital assets in retail ecosystems
- Mercado Libre's commitment to fintech innovation across Latin America
- Ripio's expanding role as regional crypto infrastructure provider
"Consumer demand for digital asset functionality continues driving our platform evolution," stated Osvaldo Gimenez, Mercado Libre's Fintech VP.
Regional Cryptocurrency Landscape
| Country | Launch Date | Active Users | Partner |
|---|---|---|---|
| Brazil | Dec 2021 | 2M+ | Mercado Pago |
| Mexico | 2023 | 150K+ | Mercado Pago |
| Chile | 2025 | New | Ripio |
FAQ: Mercado Libre Crypto Services
Q: Which cryptocurrencies are supported?
A: While specific assets aren't disclosed, services typically include major tokens like BTC and ETH alongside stablecoins.
Q: Are there transaction limits?
A: Limits vary by account verification level and regional regulations.
Q: How does this benefit Chilean merchants?
A: Enables access to crypto-paying customers while reducing cross-border payment friction.
Q: Will more countries be added?
A: Mercado Libre maintains an aggressive LATAM expansion strategy for fintech services.
👉 Explore cryptocurrency payment solutions for businesses
The development positions Mercado Libre as a regional pioneer in bridging e-commerce with blockchain-based financial services, potentially influencing broader crypto adoption across Latin America's digital economy.