Former head of R&D at MercadoLibre joins Moneero's board of directors

Former director of research and development at MercadoLibre, Rodrigo Benzaquen, has joined Moneero's board of directors.

MercadoLibre, better known in Latin America, is the region's dominant auction and e-commerce site, 18% owned by eBay.

Moneero is a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term saying it has recently come out of stealth mode and currently hosts a suite of closed beta products scheduled for launch later this year. It states that it is developing a "bitcoin banking platform" catering to the non-tech savvy.

It plans on launching mobile apps, bitcoin ATMs and POS terminals. One of the flagship products will be Moneero Social, which is said to make Bitcoin people-friendly by enabling any social media user to send bitcoins to another through its app. They will also enable bitcoins sending via SMS. Said Benzaquen:

“I am early adopter and big bitcoin enthusiast since I first discovered Bitcoin in 2011, while working in for MercadoLibre in Silicon Valley. Moneero is a very promising startup in the bitcoin field and I am sure this is going to be a great work with this exceptional team.”

The mention on "bitcoin banking" may be enough to put some Bitcoiners on edge. Many will recall the rise and collapse of Neo & Bee, the Cyprus-based "bitcoin bank", earlier this year. A successful and well-received launch of Moneero's product suite would instill confidence in their contribution to the bitcoin ecosystem.