Despite the difficulties that China has gone through, it is currently positioned as the world’s second-largest economy, behind the United States.

This recovery is due particularly to the implementation of its “Reform and Reopening” program, which seeks to give prominence to the free market.

75 years after the communist party came to power in China, the country is showing great efforts to advance from the rural and poor stage to an economic power.

“President Deng Xiaoping, who took power in 1978, proposed a program called Reform and Reopening, which marked the beginning of the Asian giant’s economic miracle. This project sought to give prominence to the market, which promoted economic reforms known as the four modernizations: agriculture, industry, science and technology, and defense.”

In a short time, the Chinese government created the well-known special economic zones, and gave impetus to the “private sector, thus giving way to foreign trade, establishing an open economy,” where innovation plays a leading role.

M.Pino

Source: eluniversal

(Reference image source: Denys Nevozhai in Unsplash)

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La entrada China is the world’s second-largest economy after the United States apareció primero en Bitfinance.

Users of the online payment platform in Chile can now buy, sell and store Bitcoin (BTC) and Ether (ETH) through the Mercado Pago app, according to Osvaldo Giménez, president of Mercado Libre’s Fintech sector, who announced the news on LinkedIn.

Brazil and Mexico were the first countries to integrate this commercial function with cryptocurrency operations, and now the company is expanding to Chile, becoming the third country in the region to have access to the service through the Mercado Pago application.

Chileans can make their exchanges of Chilean pesos to Bitcoin or Ether with very low minimum amounts to operate, starting from a minimum amount of 60 cents on the dollar, directly from the Mercado Pago application.

This is intended to allow even those with little knowledge or experience in the field to enter this ecosystem and have access to these digital assets.

“We continue to open the doors to the crypto world for millions of users in the region: first Brazil and Mexico, and now also users in Chile”, said Giménez.

K. Tovar

Source: Cointelegraph

(Reference image source: file)

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La entrada Mercado Libre expands its cryptocurrency services to Chile apareció primero en Bitfinance.

The electronic commerce company Mercado Libre announced the launch of its own cryptocurrency called “Mercado Coin” which was developed as ERC-20 in the ethereum blockchain network.

Initially, this asset will be marketed only in Mercado Pago, with an initial cost of 0.10 dollars, although this price may vary according to market demand.

The asset was launched last Thursday, August 18, and will initially only be available in Brazil, but there is an intention to expand to other countries, although no schedule for expansion has been presented.

It is expected that soon there will be a very large adhesion related to the world of cryptocurrencies, given that there are currently some 500,000 qualified users to be able to send and receive the Mercado Coin currency.

The company highlighted that initially it will not be possible to transfer Mercado Coin to an external wallet, however the perspective is that the transfer to external addresses will be released soon. At this first moment, Mercado Libre also revealed that there are no benefits for sellers on the platform, since Mercado Coin is a tool to encourage user purchases, but in the future there are plans to integrate the entire ecosystem.

K. Tovar

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Source: El Cronista

La entrada Mercado Libre announces the launch of the “Mercado Coin” apareció primero en Bitfinance.

Mercado Libre recently announced that it is working on expanding its cryptocurrency buying and selling service in Latin America.

After starting the pilot program in Brazil, the company announced that it is ready to expand it to its more than 38 million active users throughout the region.

The executive director of Mercado Pago, Osvaldo Giménez, was in charge of announcing this inclusion, indicating that “we are going to be expanding the possibility of buying, selling and having cryptocurrencies in your account in the region.”

The operation of this purchase and sale service is thanks to the fintech company Paxos, who in December of last year partnered with Mercado Pago to allow trading with these assets, directly in the application.

The launch of the cryptocurrency trading function in that country has been successful. Just two months after its launch, the service exceeded one million Brazilian users. That success has prompted plans to expand the product, which Giménez says could benefit Latin Americans looking for ways to diversify their portfolios.

K. Tovar

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Source: Diariobitcoin

La entrada Mercado Libre will bring its crypto service to Latin America apareció primero en Bitfinance.

The president of the Federation of Chambers and Associations of Commerce and Production of Venezuela (Fedecamaras), Carlos Fernández, assured that the State must allow the granting of bank credit for economic recovery.

“To reach a better dynamism in the economy, it will be essential for financial credit to return. It will be essential to obtain percentages equal to or greater than those estimated by the Executive. If there is no credit, it will be difficult to achieve those goals,” Fernandez emphasized.

The free market will stabilize the economy

This statement was made in reference to the one released by president Nicolás Maduro concerning an economic growth of more than 4% in Venezuela by 2022.

The president of Fedecamaras insisted that there is optimism towards the understanding of the importance of the free market for the stabilization of the economy.

Regarding Maduro’s assertion that an official dollarization will not take place, Fernández emphasized that the ideal in any modern financial system is that the current currency in dollars enters the bank and becomes productive credit.

Fedecámaras: Sin crédito financiero será difícil lograr metas planteadashttps://t.co/nTYAazHtoe

— FEDECAMARAS (@fedecamaras) January 17, 2022

Source: doblellave

La entrada Credit is essential to achieve growth, according to Fedecamaras apareció primero en Bitfinance.