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Economy Step by step: how to buy the MEP dollar in the main virtual wallets - Infonbae

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Step by step: how to buy the MEP dollar in the main virtual wallets - Infonbae


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February 21, 2024

Virtual wallets enabled the purchase of the MEP dollar, which has a more convenient price than the “blue” and also than the “savings” dollar in banks

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Financial dollars arrived in digital wallets

In recent years, the expansion of the use of applications on mobile phones has contributed to the growth of virtual wallets . These digital platforms offer an agile and convenient alternative to carry out transactions, from payments to financial investments. The latest news is that Naranja _ _ _ _ and Compensation).
Mercado Pago stated that the innovation seeks to facilitate “new ways of saving,” while Naranja X highlighted that the purpose is to provide access “to a new investment tool so that clients can face inflation.” These two applications are added to Ualá, which already provided the service.
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It should be noted that the MEP dollar is today the most advantageous alternative to access the dollar, with a price of $1,070 through Bonar 2030 (AL30D), the most liquid bond on the market and which is listed simultaneously in pesos and in North American currency. By purchasing this bond with pesos and reselling it in the market against dollars, the investor gains currency at this implicit exchange rate, which is much cheaper than the free dollar (at $1,115) and the “savings” dollar, at $1,412. for sale in the average bank (with a tax burden of 60%).

How to acquire dollars through Ualá​

It is essential to keep in mind that MEP dollar transactions through the Ualá application can be carried out on any business day between 11:15 and 16:15. Outside of this time range, the option will not be active. Once the purchase is made, users have the option to automatically transfer the dollars to their bank account in the same currency or choose the time to receive them.


The MEP dollar, also known as the “Stock dollar”, is a legal way to acquire foreign currency in Argentina, carried out through the capital market. The process, automated in this case by Ualá, involves the purchase of public bonds in the local market (with pesos) and their subsequent sale in dollars, generating an implicit exchange rate known as the MEP dollar.
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Pierpaolo Barbieri, founder of the mobile banking company Ualá.

To carry out this operation using Ualá , you must follow these steps:

  1. Access the Ualá application and navigate to the “Dollars in Account” section.
  2. Select the option to acquire the MEP Dollar.
  3. Enter the amount of dollars you want to buy.
  4. Confirm the operation.
Once the purchase is confirmed, the dollars will be credited to your Ualá account. From that moment on, you can decide whether to transfer them to your bank account in dollars or keep them in the application.

How to access the MEP dollar with Mercado Pago​

To start operating with the MEP dollar through Mercado Pago , users must accept, on a single occasion, the corresponding “Terms and Conditions” within the Mercado Pago application.

Users can keep their dollars in their account for free or transfer them to an account of the same ownership.

It is important to remember that the MEP dollar involves the purchase and sale of bonds. Therefore, the purchase and sale of negotiable securities will be carried out automatically through BIND Inversiones (IVSA - Industrial Valores SA).

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Mercado Pago had meteoric growth since the pandemic.

To acquire MEP dollars through Mercado Pago , you must follow these steps:

  1. Access the new “Dollars” section and click on “Buy”.
  2. Select the amount you want to buy and confirm the operation.
  3. The dollars will be available in the Mercado Pago application in 24 business hours.
From Mercado Pago they reported that this tool is in an initial stage and will be progressively available to all people over 18 years of age who meet the requirements established by the Central Bank (BCRA) and the National Securities Commission (CNV). The latest news is that Naranja X and Mercado Pago enabled the purchase of dollars from their platforms.

How to buy dollars through Orange X​

This digital wallet has indicated that customers can make more than one purchase per month and receive the dollars in their Naranja X foreign currency account .

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Naranja X offers different services such as loans, credit cards and products within its financial ecosystem.
In this way, they will have the option to transfer the dollars to the account of their choice and, unlike the Savings Dollar, they will be able to buy without limits and with fewer restrictions, offering them a new alternative to protect and manage their money.

These are the steps to buy dollars using Orange X :

  1. Download or access the Orange X app.
  2. Select the option “Operate with MEP Dollar”
  3. Answer the questions indicated to register the investment account. If the data is correct and the requirements are met, you will receive an email confirming the activation of your account to start trading with the MEP dollar.
  4. Enter the application, select the “Trade with MEP Dollar” button and choose the “Buy” option.
  5. Enter the amount in pesos that you want to convert into dollars.
  6. Review the data, wait one business day and the dollars will be available in your Naranja X account.
 
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