Blockchain Opening Embassy in Panama City

Blockchain Opening Embassy in Panama City. Blockchain has brought a revolution to the cryptocurrency market in the last couple of years and since then, they have been dominating the market. Currently, Blockchain is present in almost all parts of the world and yesterday, Blockchain has announced that they will be opening another branch and this time the location will be Panama City in Panama. The company has also announced that the name of their business in Panama City will be Blockchain Embassy and that it will deal with different types of business. The location of Blockchain Embassy is Balboa Boutiques Strip Mall on the Balboa Avenue which is one of the most popular streets in the entire Panama City.

The press release from the company said that Blockchain Embassy will sell cryptocurrency themed clothing lines as well as other pieces of merchandises. Besides that, it will also be a good place for people to gather and have a good time as it will also feature a cafeteria and craft beer for leisure time as well as working space for those people who want to work in this kind of environment.

Raising Awareness for Cryptocurrency

However, Blockchain Embassy will not be providing only those services. More importantly, according to the press release, Blockchain Embassy will also host and organize different conferences, seminars, workshops, and presentations about cryptocurrencies and their role in today’s global financial market. When it comes to the types of payments that the Embassy will be accepting, the company has stated that they will be accepting cash or standard currencies as well as cryptocurrencies such as Bitcoin, Ether, and others.

The entire project was developed by a startup company called Cryptobuyer.io, which was also the first company in the world that installed ATMs for cryptocurrencies in the commercial banks. Besides that, Cryptobuyer.io is also a company that developed the Crytobuyer Pay system that allowed payments in Bitcoin and other cryptocurrencies for any commerce, which was also the first time that anyone has done this.

Realizing Potential of Blockchain Technology

Jorge Farias, the founder of Blockchain and Cryptobuyer.io, said that the motivation behind opening Blockchain Embassy was to educate people about the cryptocurrency as well as about the blockchain technology and what could be the potentials of this technology in different fields. Farias also said that they will not only be focusing on Panama but they aim at the entire world as they want to bring cryptocurrencies and blockchain technology to a wider customer base around the globe.

Jorge Farias has also said that they do not plan to end their development there as they have plans for expanding their business in Panama City. He did not say what those plans will include but it can be concluded that they will be revolving around the blockchain technology and the further development of this technology.

One of the reasons why Blockchain chose Panama City as the home for their Blockchain Embassy business is the fact that in the last couple of years, this city has become a rising financial center not only for the region but also for the entire world. Besides that, the country has also been opened to cryptocurrencies as Bitcoin and other cryptocurrencies have been gaining a lot of popularity in Panama.

Written by Ivan Potocki