Bank to the Future will arrive in El Salvador

The ambassador of El Salvador in the United States announced that the firm will provide services related to cryptocurrencies in the country

The Bank to the Future of the United States is carrying out a process to establish itself in El Salvador, and provide financial services linked to cryptocurrencies.

This was stated by the Salvadoran ambassador to the US, Milena Mayorga, who explained that the institution is waiting to obtain the necessary permits and licenses to operate.

“The company has a presence in other places, but they are interested in operating in El Salvador because of the stability that the country provides,” Mayorga assured.

At the beginning of the year, the CEO of Bank to the Future, Simón Dixon, was visiting the Central American country along with other investors, in order to evaluate the market and its possibilities.

After this visit, he and Max Keiser indicated that there is the possibility of creating a kind of “Wall Street” in El Salvador, with behavior similar to that of New York.

It is expected that this bank will start with a capital of approximately 6,000 million dollars in Bitcoin.

K. Tovar

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Source: Cointelegraph

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