The use of Bitcoin in El Salvador has not had the best of starts. Still, financial institutions are already doing their best to comply with the law.
Bancoagrícola, the country’s largest financial institution, is among the first banks to include Bitcoin-compatible technology solutions and is already adapting its infrastructure to offer Bitcoin services thanks to a partnership with digital payments startup Flexa.
According to an official Press Release shared by Flexa, the integration of both parties will allow Salvadorans to use basic banking services regardless of whether they choose Bitcoin or dollars.
The startup mentioned that Bancoagrícola began supporting Bitcoin for loans, credit cards, and merchant goods and services in an attempt to comply with the Bitcoin Law as soon as possible.