Mercado Libre to launch from Brazil its own cryptocurrency for Latin America

The company has been purchasing cryptocurrency operators in Brazil, from where it will launch the development of a currency it will also take to other countries. Argentina is in doubt.

RIO DE JANEIRO, BRAZIL - Argentina's Mercado Libre, the company with the highest market valuation in Latin America, is working on the development of its own cryptocurrency. The launch is planned for mid-year. One of its head offices will be São Paulo, Brazil, with a team of Argentines specially dedicated to this new development.

Last week, the company announced the purchase of shares of two companies linked to cryptocurrency trading in Brazil. The acquisitions are a further step to develop its own currency on these platforms, according to sources working for the company, who are not authorized to . . .

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