El Salvador's government is reportedly looking to create a bitcoin-backed loan product for micro and small businesses across the country. El Salvador has about 1.2 million businesses. More than 90 percent of micro-businesses are self-financing through informal loans or loan sharks, said Paul Steiner, president of El Salvador's National Institute of Small and Micro Enterprises. Ultimately, bitcoin-backed loans will offer lower interest rates than informal lenders, loan sharks, and banks.
[email protected] [email protected] [email protected] [email protected]
China Mainland Hong Kong 
Business Hours: (GMT+8) 08:30-20:00 Mon to Sat 
Company Phone: +86-023-72227777
