Structured.fi has launched its mobile service in El Salvador, a country that has embraced Bitcoin by making it legal tender. Millions in El Salvador are already using the Chivo digital wallet for transactions.
Structured.fi is offering a platform that enables investing in both traditional and digital assets. The aim is to make financial services available to a population that tends to be underbanked.
Cristian Flores, Presidential Commissioner for Strategic Projects, said the implementation of the Bitcoin has enabled “one of a kind financial opportunities for Salvadorans:
“People here are now free to choose to invest in assets and services that can secure their personal financial future. We are very pleased to see new companies, such as Structure.fi, coming into the country to provide services and tools that will attract more investors to El Salvador. The decentralization of finance is the next logical step for the crypto revolution, along with the access to the Internet and the infrastructure provided by blockchain. Structure.fi is leading this process. Every person, business, and our own government will experience more liberty, more opportunities and more wealth. DeFi will bring prosperity to El Salvador and beyond,” said Flores.
Structure.fi will allow anyone to execute trades that in the past would have required complex actions. Additionally, Structure.fi will allow users to send and receive payments in the tokens of their choosing. The company notes that every tokenized asset that its users access on the platform is backed 1-to-1 and held in Structure.fi’s custody. Barriers to participation are said to be minimal.