Bringing trust and security to the Mercado Libre digital wallet in one of the fastest-growing crypto markets in Latin America
Mastercard has partnered with Mercado Libre to strengthen the security and transparency of its recently launched crypto program in Brazil. Mastercard's CipherTrace technology will allow Mercado Libre to monitor, identify and understand risks, and help the retailer manage its regulatory and compliance obligations.
As part of its mission to democratize financial services in Latin America, last December Mercado Libre announced that millions of Mercado Libre and Mercado Pago customers in Brazil would be able to buy, hold and sell cryptocurrencies.
CipherTrace’s advanced digital intelligence and analytics technology helps determine the risk of individual crypto transactions and assign a risk rating to any virtual asset service provider involved, based on well-established risk indicators. It also offers crypto tracing solutions to facilitate investigations.
“The...
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