Do you know what El Canut is?
What was “El canut”? Why do we toast saying “Salut i força al canut”? What will El Canut be in 11Onze?
Who has not toasted with the expression “Salut i força al canut”? And then everyone has burst out laughing or there has been a murmur within the group of friends, especially when hearing the word “canut”. Because when the word “canut” is mentioned, usually it has a sexual connotation, which has nothing to do with its true origin.
In the Middle Ages, the canut was a hollowed-out ox horn where brigands kept their gunpowder. Later, Catalan merchants found this invention useful and adapted it to store coins. Shortly afterwards, the canut had become the official purse of the Catalans, the one that peasants and merchants carried with them to the market.
Thus, the canut was a cylinder made of cane, leather or metal where our ancestors kept their coins. Men used to carry this purse in the shape of an elongated cylinder around their waist or neck, so as not to lose it.
A wallet of wallets
Now, El Canut is evolving and will be the name of the 11Onze application. We want to do the same as Catalans did in past centuries, but taking it to a new level. Thus, El Canut will end up becoming a wallet of wallets, which will allow you to carry all your savings with you and protect them.
How will it protect them? With diversification. Universal banking arrives with the 11Onze super app. You will be able to incorporate all your accounts, you will be able to have them in several countries, and you will not be required to have them only in euros. You are going to be able to put your savings in precious metals, ETFs, cryptocurrencies, cash… Whatever it takes to ensure that they remain there and do not diminish. El Canut is designed to be a tool to protect savers.
According to the website Etimologies Paremiològiques, the expression “Salut i força al canut!” was a way of expressing that you wished wellbeing and wealth. With the passage of time and the disuse of the canut, it has taken on a sexual meaning, since in the popular imagination the canut is related to the penis. And when the expression is used, everyone interprets it as a wish for health and vigour. But this is not our case. From 11Onze we wish you health and strength in El Canut. Now you know what we mean.
When will El Canut be available?
Next October 1, you will be able to download El Canut app from the Apple Store and Google Play Store. If you have the activation code, you will be able to open an account at 11Onze. If not, ask for a turn for your account at Get in line.
Want an 11Onze account? Order batch in Get in line. With the code we’ll give you, you can open an account on October 1st.