Biggest Bank in El Salvador Now Accepts Bitcoin as Payment for Financial Products
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Biggest Bank in El Salvador Now Accepts Bitcoin as Payment for Financial Products

THELOGICALINDIAN - Bancoagricola the better coffer in El Salvador is now accepting bitcoin to pay for debts originated from the use of its instruments according to a PR account The academy partnered with Flexa a payments arrangement to accommodate cryptocurrency capabilities in its software Bancoagricola additionally allows merchants application Wompi casework a agenda acquittal processor to accept bitcoin for appurtenances and casework sold

Bancoagricola Embraces Bitcoin

Bancoagricola, the better banking academy in El Salvador, has been one of the aboriginal to include bitcoin abutment for its banking instruments. This agency that its barter will be able to pay for banking instruments (like loans, mortgages, and acclaim agenda debt) with bitcoin, acknowledging with the bitcoin law.

Customers of the coffer that use a agenda payments aperture accepted as Wompi, will additionally be able to accept payments in bitcoin through this service. Carlos Mauricio Novoa, COO of Bancoagricola, stated:

The coffer additionally appear it aims to accommodate abounding abutment for bitcoin payments through their PoS terminals this year.

Flexa Partnership In El Salvador

To accomplish this goal, Bancoagricola partnered with Flexa, a agenda payments platform. This accustomed the academy to calmly accommodate bitcoin-related casework into the platform. Flexa will be chip into Bancoagricola’s arrangement of PoS, acceptance barter to accept bitcoin payments directly. Banks and added businesses are starting to accommodate bitcoin in their payments arrangement to accede with the acknowledged breakable cachet that was accustomed for bitcoin on June 9.

Trevor Filter, the co-founder of Flexa, stated:

Bancoagricola has added than 1,000 chump absorption credibility all over the country, with added than 5,400 advisers confined customers. So the appulse that this admittance can accept over how citizens pay their debts is important. Added banks are accepted to advertise several deals in the advancing days, to additionally board barter according to the promulgated law.

Even with all this movement surrounding bitcoin, best Salvadorans (seven of ten) are against the use of it as a acknowledged breakable according to a poll organized by the University Institute of Public Opinion.

What do you anticipate about Bancoagricola amalgam Bitcoin casework in El Salvador? Tell us in the comments area below.

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