i stay far away from panama banks (as a long time resident). I know this bank before it become "crypto" and had a few other encounters. Experience on my own was horrendous or worse 😉
Can you please provide a bit more details horrendus in what way I'm just curious? 🙂
So what banks do you use as resident, if not Panamanian? Also, for real estate transactions in Panama, is a foreign bank better than a local one then?
They position themselves as cryptofriendly and promise a conversion of USDT at okayish rate. Hence I looked at them.
It's the opposite.
I have a few other residencies and dont spent (much) time in Pa anyway. The usual banks mentioned here but mostly stablecoins and bitcoin.
no.
one would think but its the contrary. Its outrageous. The stricter the country the looser the banks. 😉
of course i dream of the day banks die out of redundancy (without crypto turning into an even more totalitarian version of finance in the meantime...)
Unfortunately, that has also been my experience. It's not as easy to pay for things with crypto as it's sometimes made out to be. I've managed to do it in some cases in certain countries, but very rarely, and unfortunately, it's nowhere near easy enough to sustain everyday life without cash or a credit card.
well i talk pre-covid, was very easy to do back in these days, agents were abound. banks there are not ideal to talk to and are best avoided as gringo.
well yeah, as already mentioned look elsewhere.
You can contact them on the website and they will open the account. You don't need any special contact.
I tried this the person's English was so terrible that made it very difficult furthermore emails were sent in a mix of Spanish and English as 1 email would be English then the next Spanish depending on the person sending the email.
serious,why not use ChatGPT to translate and write your e-mails, if they agree to open the account by communicating by e-mail you can be fine doing it this way!
