Friday, 12 August 2022 15:26

Structure.fi arrives in El Salvador, opening access to global markets for underserved investors

Written by Evelyn Alas

The Structure.fi platform started operations in El Salvador today, with the purpose of providing investment opportunities in crypto assets and traditional global assets to all those investors who to date have not had access to this type of markets. In the coming weeks, millions of people in different emerging markets around the world will be able to use this unique service for financial transactions.

Structure.fi will also open operations in countries such as Mexico, Nigeria and India, where a large percentage of the population can now make their way as investors, expanding their income possibilities through the global financial and crypto markets.

Structure.fi aims to make financial services accessible to everyone living in El Salvador. This accessibility to portfolios in both crypto assets and traditional assets is a gateway to finance that, to date, was only reserved for a small group of investors with high purchasing power.

"We chose to launch this application in El Salvador as the country's top leaders are committed to developing and implementing all possible tools to facilitate access to new financial opportunities for its citizens", said Bryan Hernandez, CEO and co-founder of Structure.fi.

With its intuitive and easy-to-use interface, Structure.fi gives investors, regardless of their experience, the opportunity to invest, earn interest, borrow, and lend traditional and digital financial assets on a simple and secure platform.

On Structure.fi, with a single click, anyone can execute transactions that in the past would have required a series of complex procedures on multiple restrictive platforms. Structure.fi users will also be able to send and receive payments in tokens of their choice by simply selecting the tokens they wish to use and letting the platform do the rest.

"With the implementation of the Bitcoin Law, as a government we are opening opportunities for Salvadorans to have access to state-of-the-art assets and services, and secure their personal financial future", said Cristian Flores, Presidential Commissioner for Strategic Projects.

"We are very pleased to see how new companies, such as Structure.fi, are coming to the country to provide services and tools that allow more investors to have access to new possibilities to venture with their capital in El Salvador", he said".

It is important to highlight that each asset accessed by users on the platform is individually backed physically and guarded by Structure.fi. In addition, with Structure.fi, barriers to participation in global markets have been eliminated, such as, for example: investment minimums that may require significant assets to simply open an account, allowing investors to participate whether they have assets in excess of $1 million or less than $100.

"Decentralization of finance is the next logical step in the crypto revolution, which is combined with the openness of the Internet and the infrastructure provided by the blockchain. Structure.fi is at the forefront of this process. Every person, company and our own government will experience more freedom, more opportunity and more wealth. DeFi will bring prosperity to El Salvador and beyond", the commissioner concluded.

On june 8, 2021, the Legislative Assembly of El Salvador approved the "Bitcoin Law"; a law that went into effect in September of the same year and made the country the first nation to adopt bitcoin as legal tender.