Mercado Pago temporarily restricted the sale of dollars after the LLA defeat.

In a clear sign of the extreme financial stress generated by the electoral defeat of La Libertad Avanza, the Mercado Pago platform, founded by Marcos Galperin , completely halted the sale of dollars to its users this Monday. After 1:00 p.m., and after more than two hours of banking transactions, the app continued to report "delays" and was unable to operate.

The decision by the country's leading fintech company, whose CEO is one of the biggest business allies of Javier Milei's government, sparked a retail panic. According to NA, the Mercado Pago shutdown (reported by journalist Rosalía Costantino) comes as Banco Nación sets a new official ceiling in response to the crisis triggered by the election results.

The market opened today recognizing the defeat (47% to 33% in favor of Peronism) as the "adverse scenario" that JP Morgan bank had predicted days earlier.

Banco Nación (BNa), influenced by Minister Luis Caputo, opened trading at $1,460, the exact ceiling JP Morgan had calculated for a severe defeat. An hour later, the official bank adjusted its price slightly to $1,450.

The Mercado Pago halt demonstrates that retail platforms are unable to find a price equilibrium in the face of volatility, while the blue dollar is also trading at $1,450.