Neha Agarwala: Great. Thank you so much, Seba, and thank you so much, entire DLocal team. Congratulations.
Operator: Thank you. Our next question comes from Jamie Friedman with Equity Research. Your line is open.
Jamie Friedman: Hi, good morning. And, let me echo the congratulations Pedro. So my first one is for Pedro. I was just wondering, and it may be early, but a question that investors ask a lot is with regard to the DLocal compliance and I was wondering, since you incubated a great payments company as well in Mercado Pago, what’s your perspective on the compliance infrastructure at DLO? That’s one question. I’ll just ask my second one as well. Sergio, we appreciated your comments about Argentina, and this is part of a continuum. But I was wondering, at a very high level, is this the same, worse, better in terms of regulatory scrutiny at Argentina now than what you have seen in the past? So the first one is for Pedro, the second one for Sergio. Thank you.
Pedro Arnt: Hi, Jamie, and thanks, Neha. Thanks also, before I had answered you. So again, guys, this is day one. But obviously, that’s an area that I’ve done as much diligence as possible throughout our conversations. And I think what’s important to understand is that the reason we add so much value to our customers is that we tackle complex markets, markets that operate very differently. I think my running joke yesterday with the press was if all of the emerging markets were Switzerland, then we wouldn’t generate the kind of margins, take rates and value that we add. And so I see a compliance team and a compliance organization that is compliant. This is a publicly traded company in the US and as such, needs to be compliant.
We will face local challenges regardless of how much infrastructure, processes and systems we continue to build. So that’s part of our value. I don’t think it’s something that concerns me, and it’s something that — and I want to stress here, we’ll continue to be built out. The impression here should not be that this hasn’t been built out. This hasn’t been done. There’s a great team here led by great people. And my job is to continue to make sure that we invest and we strengthen across all of our internal functions.
Sergio Fogel: I will take the second question. Well, the situation in Argentina right now is, as you may know from the news, it’s extremely volatile and there have been changes in the last — actually in the last couple of days, almost every day, there is a change in regulation. We are big believers in the country in the long term. Right now, all — we as the rest of the market is in a wait-and-see mode to see how this is going to evolve and what’s going to happen with the election. All I can say is that we have been in the country for a long time now. We are particularly flexible. We know the market very well. We are [segment ratios] (ph) applied to us to the rest of the market. And we believe that we have the best knowledge and flexibility in the market, and we will use our unique position to gain advantage.
Jamie Friedman: Thank you, both.
Operator: Thank you. Our next question comes from Matt Coad with Autonomous Research. Your line is open.
Matt Coad: Hey, guys. Thanks for taking the question. I wanted to just ask a couple more on Argentina. Based on the press release and your opening statement, it seems like the investigation there is going well. Just hoping you could double-click on that. And then interested in how the incremental hiring in Argentina could impact your margins over the long term? And then last one, and this kind of might be a similar answer to the one you guys just gave, but if we do see dollarization ultimately in Argentina, how does that impact your business?
