Episode Details

Mercado Libre Discontinues Mercado Coin: A Shift in Crypto Strategy

Mercado Libre, the prominent e-commerce platform, is phasing out its proprietary cryptocurrency, Mercado Coin, after nearly four years. The token, initially launched in Brazil and later expanded, offered rewards for purchases and was built on Ethereums system. Users can still sell, use as credits, or auto-swap their coins to local currency. Despite the coins discontinuation, Mercado Pago continues to support crypto, offering stablecoin transfers, token trading, and holding over $38 million in bitcoin.

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