Because of its strict foreign investor laws and reasonable rates of regulation, Panama has attracted a multitude of international banks, businesses and private investors – High privacy standards and the fact that Panama has specialized in the financial services sector guarantee the protection of investors and their assets! This is one of the reasons why Panama was able to increase its GDP by a factor of 6 within the last 2 decades alone.
The Panama Canal, which is estimated to handle about 4-6% of all global maritime trade, has made Panama an essential part of the global economic ecosystem. With having both rich mineral deposits in its ground soil as well as strong and stable financial markets, the country is well prepared for the years to come.
But not just banking and business, due to its pristine landscapes, lush rainforests and clear seawater, Panama also attracts more and more tourists every year! Even big hotel brands like Marriott are adapting to this change, a major signal that this development is going to be permanent.
As the timing couldn’t be any better, the construction of Tocumen Airport’s second terminal has just been finished, a major boost to its passenger capacity – Panama’s main international airport can now transport about 25 million people per year! Being situated only 3 hours by flight away from Miami and having the most stable political system in the region, Panama can emerge to become the star of Latin America.
Together with its economy, Panama’s real estate market has witnessed a major upswing over the past two decades, offering extremely high ROI to investors. With ever more businesses and individuals from around the world recognizing the immense potential that Panama holds, construction of new apartment complexes, towers and other ambitious development projects hits an all time high.
Alongside European and US American investors comes the implementation of western business and industry standards – something every country would be glad to present.
With Panama being extremely adaptive to changes within the global financial markets and beyond, the adoption of cryptocurrency and blockchain technology in general over the next few years is highly likely to happen. As people always end up going with the technological advancements of our time, the adoption of Bitcoin and other currencies among the general public seems inevitable – especially with fiat currencies inflating at record rates.
Some countries are slowly becoming aware of the potential that cryptocurrency holds, but are still hesitant.
This is where new business activity is going to bring major innovation – let’s take Panacrypto for example, a Panamanian crypto start-up that serves as a marketplace for all kinds of luxury goods, real estate and more. Recognizing the need for secure payment solutions when integrating crypto into the real world, the company has put several security measures into place in order to guarantee the safety of all contributors and their assets.
Founded in 2022, Panacrypto operates as the interface between blockchain and the real world. Realtors and various agencies from around the continent have the unique opportunity of selling their listings in the Panacrypto marketplace – without having to accept crypto themselves.
This major advantage allows almost any business to benefit from Panacrypto‘s payment system!
While waiting for regulators to come to conclusions about the future of blockchain, companies like Panacrypto are already actively creating an intelligent payment system worthy of the 21st century.
Implementing western industry standards where they are most needed combined with the groundbreaking way of doing payments will definitely attract a large number of wealthy investors and businesses from around the world!