Reddit Posts
Latin American E-Commerce Giant Mercado Libre to Enable Crypto Investments in Brazil
Top 5 Companies with most BTC on their Balance Sheets and What's to Come!
Companies with the most bitcoin on their balance sheets
Largest Latin America Online Marketplace Launches Crypto Payments Section
Mentions
Another reason to buy more MELI
Revolutions have never been started by the rich, so crypto looming in less developed countries makes total sense. Someone with a good income level, in a financially stable country with a strong currency, will not need crypto for a while, and that's fine. I live in Argentina, work remotely for a US-based company and get paid in USD via bank transfer inside the US and converted to crypto using a 3th-party service that converts on the fly and doesn't hold my funds (Bitwage), and then directly transferred to my hardware wallet. Don't use crypto as a payment method outside some particular stuff like some sellers accepting USDT for some goods (mostly ppl doing not-so-legal import duties, because the currency and import controls make really hard or really expensive to get stuff like a Macbook for example). Last month i paid my lawyer's fee using USDT, since he was pretty familiar with it and prefer that over Pesos for sure. And sometimes people selling used computers or stuff like that can take USDT as payment. Bitcoin in particular it's not being used much for payments, more as a investment. I hold a part of my long-term savings in bitcoin and that's about it, lighting payments are non-existent here outside "youtuber going to a cafe on Buenos Aires an pays on BTC using lighting" and i would say >90% of ppl has never bought a cryptocurrency in their life. People earning their salary in local currency (pesos), which it's most of the ppl, usually send their money to an exchange if they are familiar with crypto, convert to crypto and use a credit card from these local exchanges for daily expenses (pesos-to-crypto ramp-off here it's super easy, local banks transfer are instant with 0 fees and opening accounts in crypto exchanges it's super quick, they all have modern web and mobile apps with quick registration and KYC). These exchanges also have some features like integration with yarn or some other DeFI app, and also features like "auto-buy some sats every month", like an automated DCA strategy for bitcoin. This it's becoming very popular so the government issued a new regulation last week to kinda break the autoconversion from crypto-to-pesos on credit cards (so you will have to first sell the coins, get the pesos and then use the card instead of being 100% automated), so it's kinda a mess atm, it's still working but nobody knows what's going to happen. The government it's just trying to make the process hard and manual to slow-down adoption, and mainly avoid MercadoPago (NYSE:$MELI) to introduce crypto because that would de-facto convert the country in a crypto economy for last-mile payments, because MercadoPago it's what EVERYONE uses to send/receive/pay for goods here, and they already started offering some crypto features on Brazil. If MercadoPago enables crypto and auto-conversion with their credit card and QR payment codes it would be massive, every single small store in the country has MercadoPago, you could literaly have 99% of your money on crypto and be able to live normally.
bullish on MELI, anyone else?