- Towerbank, Panama’s top 30 banking institution, has declared it bitcoin friendly.
- Banks encourage customers to sign up for a Bitcoin-enabled account with simple documentation requirements to access future features.
- You must provide the wallet address to use and notify the bank if the address changes.
Towerbank, Panama’s top 30 banking institution, has declared it bitcoin friendly publication On Twitter from Cristobal Pereira, Executive Director of the Ratham Blockchain Summit, a meet-up announced by Tower Bank.
A video Released by Blockchain Space’s Instagram account, it shows Gabriel Campa, Vice President of Products at Towerbank, explaining that the agency is researching Bitcoin and other cryptocurrencies.
Kampa further mentioned the offering of Bitcoin-based products, “and we want to offer something to our customers right away.”
Kampa went on to say, “We want to work with you and know what we can create to help you become part of this new world.”
According to Campa, the process for Towerbank customers getting started on their journey to Bitcoin is straightforward. When asked what documents a customer needs to provide to open a Bitcoin-friendly account, he replied:
“They only need to present the following requirements: name, ID card or passport, phone number, email, activities they are engaged in, workplace, monthly income and place of residence.”
Campa also explained that customers wishing to use these services must provide the address they want to use to sell and own Bitcoin.
“When a customer receives funds as a result of selling cryptocurrencies, we need to know the address of the wallet in which the transaction took place. Therefore, if there is only one address, we need to notify when opening an account. If you then change your address, you’ll need to be notified, “Campa explains.
Currently, several reports suggest that Towerbank will not initially offer a direct Bitcoin-to-Bitcoin option, but Towerbank Retweet Some information suggesting that the agency is working to provide it at a later date.