Small companies in El Salvador will be able to receive funding to power their companies with cryptocurrency.
The government of El Salvador will offer cryptocurrency-based loans to small companies. Conamype, the National Commission for Micro and Small Enterprises, will be the link between the investors and a decentralized finance protocol called Acumen, that will be able to provide funding in stablecoins. The aim being to help small investors that have no credit history in the country. The program is directed to include owners of small companies that still lack access to traditional finance tools.
The announcement was made by Paul Steiner, President of Conamype, and Mónica Taher, in charge of Tech & Economic International Affairs, during a Facebookon January 19. The organization will provide $10 million in funding to these companies using Acumen, a decentralized finance protocol based on Solana.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
El Salvador Plans To Give Small Businesses Low Interest Bitcoin-Backed LoansNayib Bukele, dubbed the “CEO of El Salvador,” is pushing the envelope by implementing Bitcoin as a legal tender in the real world. The Salvadoran government is attempting to develop a Bitcoin-backed credit product for micro and small companies around the country. As a result, small and...
Consulte Mais informação »
2 priests, 2 lay people to be beatified in El SalvadorThe Roman Catholic Church is beatifying two priests and two lay people who were victims of right-wing death squads during El Salvador’s civil war.
Consulte Mais informação »
El Salvador Buys $15 Million Worth Of Bitcoin ‘Really Cheap,’ President Crows, As Selloff ContinuesUnder the leadership of crypto enthusiast President Nayib Bukele, El Salvador has amassed about $66 million in bitcoin.
Consulte Mais informação »
Bought the Dip: El Salvador Purchased 410 Bitcoin for $15MEl Salvador continues to buy bitcoin frequently, with a new purchase worth $15 million.
Consulte Mais informação »
El Salvador buys its cheapest 410 Bitcoin as prices reach $36kThe latest 410 BTC purchase is currently the cheapest acquisition for El Salvador ever since the country adopted BTC as a legal tender.
Consulte Mais informação »
El Salvador Purchases 410 More Bitcoins Amid Market Drop, President Bukele SaysThe bitcoin purchase was worth about $15 million, El Salvador President Nayib Bukele tweeted. mikeybellusci reports
Consulte Mais informação »