Ex MercadoLibre director joins LatAm Bitcoin Startup Moneero

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Rodrigo Benzaquen, former director of R&D of MercadoLibre and currently with Kaszek Ventures, joins the board of Latin American bitcoin startup Moneero.

“Rodrigo has extraordinary technology and business expertise, and we are delighted that he is joining Moneero’s board of directors”

Moneero SA today announced that Rodrigo Benzaquen, former R&D director of MercadoLibre, and currently with Kaszek Ventures, one of the biggest Latin American Venture Capital funds, was appointed to the company’s board of directors, increasing the board’s size to four members.

“Rodrigo has extraordinary technology and business expertise, and we are delighted that he is joining Moneero’s board of directors,” said Mauro Betschart, CEO and founder of the company.

Benzaquen, who is currently with Kaszek Ventures, the biggest and most active venture capital fund in Latin America served previously for over a decade as director at Mercadolibre, which is an online marketplace dedicated to ecommerce and online auctions. Owned to 18.40% by eBay, both companies entered into a strategic alliance in September 2001. MercadoLibre is Latin America's number-one auction site. It is currently present in Argentina, Brazil,Chile, Colombia, Costa Rica, Dominican Republic, Mexico, Ecuador, Peru, Panama, Portugal, Uruguay and Venezuela. Benzaquen was one of the first employees at MercadoLibre, where he was first responsible for site infrastructure and datacenter strategy, NOC/SOC, Info-sec, Network Security, HelpDesk and CloudBuilders until he was promoted to Director of R & D in 2011.

“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.” Benzaquen said.

Moneero, a bitcoin startup, which recently came out of stealth mode and has currently it’s suite of products in closed beta, is preparing to launch a full eco-system of bitcoin banking products, including mobile apps, ATMs and POS Terminals later this year. The addition to the management team is aimed to bolster the companies abilities to roll out it’s products in Latin America and globally.

About Moneero:
The Latin America based startup Moneero, develops a bitcoin banking platform that offers easy and safe access to financial services for the non-tech savvy audience in developed and emerging markets, using mainstream social media and popular devices like simple mobile phones, smartphones and ATMs.

About MercadoLibre:
MercadoLibre, Inc., through its subsidiaries, hosts online commerce and payments platforms in Latin America. Its services are designed to provide its users with mechanisms to buy, sell, pay for, and collect on e-commerce transactions. The company principally offers MercadoLibre marketplace, an automated online commerce service, located at mercadolibre.com, which permits businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. It also enables registered users in MercadoLibre marketplace to list and purchase motor vehicles, vessels, aircraft, real estate, and services through online classified listings; users and advertisers to place, display, and/or text advertisements on its Web pages to promote their brands and offerings; and Internet users to browse through various products and services that are listed on its Web site and register with MercadoLibre to list, bid for, and purchase items and services. The company also provides MercadoPago, an integrated online payments solution to facilitate transactions both on and off the MercadoLibre marketplace by providing a mechanism that allows its users to send and receive payments online. As of December 31, 2008, it operated online commerce platforms and online payment solutions directed towards Argentina, Brazil, Mexico, Venezuela, Chile, and Colombia, as well as operated online commerce platforms directed towards Costa Rica, the Dominican Republic, Ecuador, Panama, Peru, and Uruguay.

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Steven Morell
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