Crypto adoption in Panama gets a major boost. The financial institution Towerbank has declared itself Bitcoin friendly, paving the way for crypto accounts. (Reporting via JoeNakamoto)
Panama’s path to crypto adoption is stepping up a gear. Towerbank, a Panamanian financial institution with over 200 employees and 40 years of banking experience, has declared itself Bitcoin friendly, paving the way for crypto accounts.
In a series of tweets and leaks from a blockchain meetup in Panama’s capital, Panama City, the bank is opening the floodgates to the crypto community. During the blockchain meetup hosted by the Chamber of Digital Commerce and Blockchain of Panama on Thursday, representatives from Towerbank invited crypto enthusiasts to open accounts at the bank.
Reportedly, Gabriel Campa, vice president of product for Towerbank, shared that crypto customers would not“setbacks” that, ordinarily, Panamanian citizens would be subject to when executing crypto activities at the bank. Cristobal Pereira, executive director of the Latam Blockchain Summit and an attendee of the meetup with Towerbank and Campa, shared, “Towerbank is crypto-friendly.” In a tweet, he stated that crypto enthusiasts can “come to open accounts and deposit withdrawals from exchanges without fear.”
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