Mercado Coin will allow the company’s 80 million users to make purchases and receive cashback.
SAO PAULO (Reuters) -South American e-commerce giant MercadoLibre Inc on Thursday announced the creation of a new cryptocurrency called MercadoCoin, which will be implemented in Brazil as part of its loyalty program. MercadoLibre told a news conference that clients will earn MercadoCoins as cashback when buying products on the e-commerce platform. They will then be able to use the digital currency, which follows Ethereum's ERC-20 token standard, for fresh purchases or trade it on the company's financial services unit MercadoPago.
While U.S. stocks have generated incredible returns for many decades and investors the world over want to invest in the stocks of leading U.S. companies, U.S.-based investors can also benefit from investing in top foreign companies as well. Investing in international companies can help U.S. investors diversify their portfolios geographically, help them tap into the explosive growth of emerging markets and other developing economies, and sometimes own shares of companies at less expensive valuations than are typically seen in the United States. Here are three great foreign companies that U.S. investors can buy now.