Chile will allow USDC payments from Circle in Mercado Pago
Circle's official page reported in a statement that the digital asset was added to the payment platform
Through a statement issued on the official Circle website, the exciting news has been released that the USDC stablecoin has joined the Mercado Pago platform in Chile. This strategic collaboration between both entities marks a milestone in the promotion of Blockchain technology and access to the global financial landscape.
The synergy between Mercado Pago and Circle transcends expectations, reflecting a shared vision focused on empowering people through Blockchain technology and entering the global financial universe. This announcement solidifies a bond that seeks to bring innovation within everyone’s reach.
The cornerstone of this alliance lies in the tokenization of the US dollar, a world-renowned currency recognized for its stability and reliability. This partnership between Mercado Pago and Circle provides Chilean users with a safe and fast path to digital transactions, while the dollar maintains its strong position as a store of value even in the midst of uncertain times.
Circle’s Vice President of Product, Rachel Mayer, highlights the excitement surrounding this significant step by stating, “Latin America stands on the brink of a revolution in the digital economy, with a wealth of innovation and a palpable enthusiasm for dollars.” digital”.
The agreement with Mercado Pago to bring access to USDC (USD Coin) to Chile represents a fundamental step in the democratization of digital financial solutions. This alliance paves the way for global participation in the new financial era in which we are living.
Matías Spagui, Senior Director of Mercado Pago, underlines the importance of this collaboration: “The US dollar is a pillar of global stability and a simple tool to preserve wealth even in times of uncertainty. With the introduction of this stable currency, we seek to expand access to cryptocurrencies and offer our two million Mercado Pago users an alternative according to the value of the dollar”.
The integration of USDC into the Mercado Pago platform opens the doors for Chilean users towards a smooth adoption of digital dollars, unlocking a range of financial opportunities that were previously limited by geographical and technological barriers. This bold step redefines the financial landscape in Chile and beyond.
K. Tovar
Source: Cointelegraph
(Reference image source: Aidan Hancock, Unsplash)
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