Crypto Owners in Chile Can Now Pay in 5,000 Local Stores


Cryptocurrency enthusiasts in Chile can now spend their coins in over 5,000 stores. One of the leading local exchanges Crypto MKT announced a partnership with, a payment processing company. The key feature of this deal is the instant crypto to fiat conversion, which means sellers will not be exposed to any market volatility risks. This is one of the main issues, often pointed out by the skeptics of mass adoption.

CryptoCompra, a platform developed by Crypto MKT, is the main driving force behind this functionality. It currently supports Bitcoin (BTC), Ether (ETH) and Stellar Lumens (XLM) as payment options for buyers. Shop owners, on the other hand, can choose between Chilean and Argentinian Pesos, Brazilian Real or Euros as the fiat currency they wish to receive. While this technically means similar partnerships can be extended across other countries, the current one is mainly focused on Chile. is a leading payment provider in the country, which is mostly used in online stores.

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