The largest bank in El Salvador added support for payments in bitcoins – Bits Media

Clients of the largest bank in El Salvador, Boancoagricola, can now use bitcoin to make payments on loans and credit cards, as well as to pay for goods and services.

To make payments in bitcoins, the bank, based in 1955 year, concluded partnership with the American payment network Flexa. Users can use the first cryptocurrency for payments in the bank's mobile application.

As representatives of Boancoagricola note:, the BTC rate is calculated at the time of payment and users do not pay any additional commissions or fees. Moreover, the application works with any wallet, Lighting Network compatible, including Chivo wallet, launched by the authorities of El Salvador.

Stores and merchants can also accept Bitcoin using the bank app. truth, Currently, such payments are best suited for online payments, and not for payments in regular stores. However, Flexa is working on this possibility as well..

"The whole point is, that we want to make cryptocurrency payments as simple as possible, how to pay by card, if not easier", – said Flexa CEO and co-founder Tyler Spaulding (Tyler Spalding).

Interesting, that some US residents support El Salvador in recognizing Bitcoin as legal tender. 27% respondents, surveyed by YouGov, We would like to see such an initiative in America.