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El Salvador Plans to Offer Crypto-Based Loans for SMEs

El Salvador Plans to Offer Crypto-Based Loans for SMEs

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According to Steiner, the federal government has been in talks with Acumen since October 2021, following the approval of bitcoin as authorized tender within the Central American nation. In parallel, it holds negotiations with totally different crypto lending platforms trying to present loans to Salvadoran SMEs, Steiner mentioned, including that, if signed, the agreements might whole $200 million.

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