The biggest bank of El Salvador collaborates with Flexa

Syed AhadWeb Editor

10th Sep, 2021. 06:44 pm
Flexa

Bancoagrícola will work with Flexa to accept BTC across the bank’s network for payments such as loans and credit cards.

Bancoagrícola, El Salvador’s biggest financial institution, is set to increase the country’s Bitcoin acceptance policy following its partnership with digital payments entrance Flexa.

According to a statement by Flexa, Bancoagrícola has inked a contract with the crypto payment network to allow Bitcoin (BTC) transfers for the bank’s customers, counting retail and merchant customers.

As part of the partnership, Bancoagrícola clients can make credit card payments denominated in US dollars through Flexa or further Lightning Network-enabled wallets like Chivo and Éclair. As per the release, these payments will not appeal to any additional fees and will cover loans and merchant goods, among others.

Flexa just added support for Lightning payment with the feature reportedly intended for merchant customers.

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