El Salvador’s Bank To Support Bitcoin Loans With Multiple Services

One of the banks of El Salvador established a partnership with Flexa to provide Bitcoin related possible best service for El Salvador’s citizens.

According to the press release by the Flexa, They established a partnership with Bancoagrícola ( El Salvador based bank). And now both of these two parties will support each other through their services and will allow Bitcoin related services.

Under this partnership, Bancoagrícola bank will allow citizens of El Salvador loan on Bitcoin, credit cards, and merchant goods and services under full compliance with the Bitcoin Law as soon as possible.

This partnership of Bancoagrícola bank and Flex, doesn’t restrict any user to go with Bitcoin or Dollar, it totally depends upon the people for which kind of service they want to go.

Bancoagrícola is a largest banking institution of El Salvador and they are already ready to give their Bitcoin based services and now this partnership, surely will help this bank to expand their business.

The COO of Bancoagrícola, Carlos Mauricio Novoa, said that they are excited with the integration of Flex payment startup and with this partnership they will make their services better in future.

“We are excited to be the first financial institution in El Salvador to enable bitcoin access for our customers across our entire suite of financial products and to enhance financial inclusion. Flexa has been instrumental in helping us prioritize our customers’ experiences using bitcoin as legal tender in El Salvador; we look forward to continuing to innovate alongside them for a long time to come.”