The Top-30 Panama Bank Just Declared Itself Bitcoin-Friendly
In an announcement made on Twitter from a blockchain meetup in Panama’s capital, Panama City, the executive director of the Latam Blockchain Summit, Cristobal Pereira shared that Towerbank is crypto-friendly and the crypto enthusiasts can 'come to open accounts and deposit withdrawals from exchanges without fear.'
Reportedly, crypto-related transactions are limited to up to $5,000 per month and the bank is not offering direct crypto to crypto services. Since then, the bank has since retweeted tweets suggesting that customers will be able to link their crypto accounts, such as Binance, directly to their Towerbank bank accounts, but no official statement has been made.
A video released by the Blockchain Space Instagram account also shows Towerbank's vice president of product, Gabriel Campa, explaining the institution is studying bitcoin.
According to Campa, the process for customers of Towerbank looking to begin their journey into bitcoin is simple. Regarding what documentation customers would need to provide in order to open a bitcoin-friendly account, he replied:
“They must only present the following requirements: name, ID card or passport, telephone number, email, activity in which they are engaged, place of work, monthly income and place of residence.”
Campa also explained that customers hoping to use these services will also be required to provide the address they want to use for the sale and possession of bitcoin.