MercadoLibre's fintech terminates its cryptocurrency Mercado Coin


An employee of e-commerce MercadoLibre works at the company's offices in Buenos Aires, Argentina September 6, 2024. REUTERS/Agustin Marcarian

SAO PAULO, ⁠March 31 (Reuters) - Mercado Pago, the ⁠fintech arm of e-commerce firm ‌MercadoLibre, said on Tuesday it is discontinuing its cryptocurrency, called Mercado Coin, which it ​had launched in 2022 ⁠as part of ⁠its loyalty program.

(Reporting by Andre Romani, Editing by Natalia Siniawski)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Microsoft, Chevron and Engine No. 1 sign exclusive deal for power supply
Anthropic to sign deal with Australia on AI safety and economic data tracking
AT&T signs deal worth $2 billion to upgrade emergency cellular network
X recovers after brief US outage, Downdetector shows
Elon Musk must face class action over late disclosure of Twitter stake, judge rules
Oracle begins cutting thousands of jobs, CNBC reports
North Korea-linked hack hits largely invisible software that powers online services
Apple tests Siri feature that handles multiple commands at once, Bloomberg News reports
Tether cuts two gold traders hired three months ago, source says
Meta to limit PG-13 rating use for teen accounts in Motion Picture Association deal

Others Also Read