Why Crypto Payments are the Biggest Trend in Latin America 

Crypto adoption has skyrocketed in Latin America over the past year. Yet, unlike most regions, the LATAM population is more driven by the promise of ‘economic freedom’ rather than its speculative traits.

Recent developments, like Binance Pay’s expansion in Brazil and Mercado Pago’s application for an operating license in Argentina, reinforce this trend. In a conversation with BeInCrypto, representatives from CoinFlip, Bitcoin Argentina, and Paybis discussed how unstable economic conditions have prompted the region’s rapid growth of crypto payments

May was a bustling month for expanding crypto services in Latin America. Over the weekend, Mercado Pago, the region’s largest online payment platform, announced its application for a full digital banking license from Argentina’s Central Bank. 

This license would enable a wider range of traditional financial services, including more sophisticated investment tools, credit lines, and fully regulated accounts.

$MELI “Mercado Pago will apply for a banking license from the Central Bank of Argentina to expand its service offering within its 100% digital model. This decision is part of a regional strategy already underway in countries such as Brazil and Mexico”.