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El Salvador Plans to Offer Crypto-Based Loans for SMEs

According to Steiner, the federal government has been in negotiation with Acumen since October 2021, following the approval of Bitcoin as authorized tender inside the Central American nation. In parallel, it holds negotiations with whole different crypto lending platforms quest to present loans to Salvadoran SMEs, Steiner stated, including that, if signed, the agreements may whole $200 million.

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