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El Salvador Plans to Offer Crypto-Based Loans for SMEs

January 21, 2022 Andrés Engler
El Salvador Plans to Offer Crypto-Based Loans for SMEs



According to Steiner, the government has been in talks with Acumen since October 2021, following the approval of bitcoin as legal tender in the Central American country. In parallel, it holds negotiations with different crypto lending platforms looking to provide loans to Salvadoran SMEs, Steiner said, adding that, if signed, the agreements could total $200 million.



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