After four years, Mercado Libre is phasing out Mercado Coin, its in-house cryptocurrency, according to a Coindesk report citing a notification from the company's digital wallet. The shutdown affects users of Mercado Pago's wallet and appears to be a targeted product withdrawal with limited broader market impact, suggesting a strategic retreat from its crypto offering rather than a systemic business shock.
After four years, Mercado Libre is phasing out Mercado Coin, its in-house cryptocurrency, according to a Coindesk report citing a notification from the company's digital wallet. The shutdown affects users of Mercado Pago's wallet and appears to be a targeted product withdrawal with limited broader market impact, suggesting a strategic retreat from its crypto offering rather than a systemic business shock.
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