El Salvador’s largest bank partners with Flexa for Bitcoin offerings By BTC Peers – Investing.com

El Salvador’s largest bank partners with Flexa for Bitcoin offerings By BTC Peers – Investing.com

Bancoagrícola, El Salvador’s largest financial institution is set to boost the country’s adoption policy, thanks to a partnership with digital payments gateway Flexa.

According to an official press release shared by Flexa, the partnership will enable Salvadorans to use a variety of Bitcoin-related services like loans, credit cards, and merchant goods and services, regardless of whether they choose Bitcoin or dollars.

The use of Bitcoin in El Salvador has not had the best of starts. However, financial institutions are already doing their best to act in accordance with regulations. Since Bitcoin operates outside the banking structure, a crypto wallet was created by the government, and users who downloaded the app were entitled to $30 in BTC.