NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tuesday, December 2, 2014

Honduran Mercario partners up with American Mimetic Markets to launch the first Bitcoin exchange in Honduras.

Hosted by Mimetic Markets, freshly announced trading platform Mercario will allow users to trade Honduran lempiras, Brazilian reals and bitcoins on a robust and scalable system. In a company’s announcement, Mimetic Markets CEO Sameer Parekh Brenn stated:

“We’re excited to be working with the team from Mercario. When we first met them, we were impressed with their interest in financial innovation, and as the relationship matured, we learned of their strong commitment to providing their local communities with all the benefits that crypto-currency technologies have to offer.”

While Mercario currently supports real, lempira and bitcoin, the company said it is looking to extend its offerings and provide a wider range of financial services for more currencies and financial products, including predictions, futures and other derivatives.

According to Mercario co-founders Guillermo Peña Panting and Rodrigo Marques dos Santos, Honduras and Brazil are ripe markets for cryptocurrency technologies. Peña Panting stated: