El Salvador’s largest financial institution has started offering Bitcoin services.
Bancoagrícola, the country’s largest financial institution, has partnered with payments start-up Flexa to offer Bitcoin services. Flexa reports that the financial giant has started offering Bitcoin support for credit cards, merchandise/services, and credit so that it adapts to Bitcoin law as quickly as possible.
According to a press release by Flexa, citizens of El Salvador will be able to use basic banking services regardless of their Bitcoin or dollar preference.
As we mentioned earlier, the El Salvador government created a wallet called Chivo for Bitcoin transactions and distributed $30 worth of Bitcoin to all citizens who downloaded the wallet. But Bancoagrícola will take financial services one step further. It will allow Bitcoin transactions at Bancoagrícola points without the need for a Chivo wallet.
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