Latin American e-commerce giant Mercado Libre launches cryptocurrency in Brazil

[Latin American e-commerce giant Mercado Libre launches cryptocurrency in Brazil] Jinse Finance reported that Mercado Libre (MELI), the largest e-commerce company in Latin America by market capitalization, has announced that it has started launching its own cryptocurrency, Mercado Coin, in Brazil. Mercado Coin can be used in Mercado Libre Make purchases online and get cashback rewards. Mercado Libre expects the cryptocurrency to be available to its 80 million users in Brazil by the end of August and said it plans to introduce it to other countries "soon," without giving further details. Mercado Coin is developed based on the ERC-20 token standard of the Ethereum blockchain, and users will not be able to transfer it to external wallets in the first phase. (CoinDesk)

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