Latam Crypto News: Meli Dólar for the first time in Chile, and Bolivia stops its plan to buy fuel with the encrypted currency
The ecosystem for encryption in Latin America is constantly evolving and varied.
This week, Fintech Business Mercado Pago has announced the introduction of “Meli Dólar” encoded in Chile, which is Stablecoin, which aims to track the value of the US dollar.
On the other hand, Bolivia announced that it would abandon fuel purchase plans with an encrypted currency in the midst of the energy crisis.
Mercado Pago launches Meli Dólar in Chile
According to América Economía, the Mercado Pago app has a job that enables Chilean users to use encrypted currencies directly from their accounts.
Users will be able to use Chilean peaso in their digital accounts to buy, store and sell Meli Dólar.
It was previously mentioned by CointeleGRAPH En Español, Chile now joins Brazil and Mexico As the only Latin American countries that work to work Mercado Pago.
The solution was created in cooperation with Ripio, a work specialized in cryptocurrency services.
Martias Spagoy, chief manager of Mercado Pago, stressed the importance of this launch, noting that “the US dollar is a reliable store in value in the world, and it is one of the most stable currencies, and a simple way to maintain wealth amid public uncertainty.”
Bolivia ignores its plans to buy fuel using encrypted currencies
YPFB has reaffirmed its commitment to maintaining the fuel supplies in all parts of the country.
According to Agencia Boliviana de Noticias, the state -owned oil company said on April 15 that the purchase of gasoline, diesel and LPG will be supported by its resources and transported from the Ministry of Economy and General Finance.
YPFB reiterated that he has no plans to use encryption assets for these transactions, which confirms that the entire display strategy is based on home financing and government assistance.
Although considering the use of encrypted currency to import gasoline as a backup plan due to the delay in obtaining credit permits from the Legislative Legislative Assembly, YPFB has stated that it has promoted its logistics services to connect liquid fuel since March.
This endeavor intends to ensure consistent supplies of gasoline, diesel and LPG for the Bolivian people, despite the current financial issues that affect the country’s economy.
Coinbase joins the Argentine Fintech room
Coinbase officially joined the Argentina room, hoping to strengthen its relationships with the local sector.
The last step strengthens the presence of Coinbase in Argentina and shows the company’s commitment to supporting local Fintech projects.
Matthias Alberti, the Qatari manager of Coinbase in Argentina, stressed the importance of this cooperation, noting that being part of the Argentina room of Fintech allows us to participate in dialogue and cooperative spaces that are the key to industry growth.
He added that Coinbase wants to share its experience all over the world while learning from local talents to help create an ecosystem that is strategically for the future of the region.
Mariano Bioca, CEO of the Argentina Chamber of Fintech, praised Coinbase, saying that their international knowledge will benefit society.
