On the second day of the Blockchain Summit Latam conference held in Panama, a group of specialists discussed the current situation of bitcoin (BTC) and cryptocurrencies in the Caribbean country. All of them agree that we are in a “historical moment” that should be well used.
The group of panelists was made up of Robinson Dorion, CEO of JWRD Computing; Ian Mar, Panamanian NFT artist; and Felipe Echandi, secretary of the board of directors of the Superintendence of Banks of Panama.
These exponents spoke about how the growth and adoption of bitcoin has been, from “Satoshi square” (a group of people who met to buy and sell BTC), until the current discussion of the “Bitcoin Law”. As CriptoNoticias reported, this legislation is under debate in the country’s Congress and seeks to regulate the industry.
For Echandi, Latin America is a region “used to chaos.” In this context, the specialist says that Panamanians and Latin Americans are at the right time to evolve or to stay with a “dinosaur” financial system.
I believe that the places that are going to solve the problems of the future have greater freedom in the exchange of value, greater inclusion, greater possibility that money will not be confiscated due to inflation or taxes. [Los avances] they are going to happen in the places that give clarity to the people who are building on this technology.
Felipe Echandi, secretary of the Board of Directors of the Superintendency of Banks of Panama.
For Echandi, the growth in adoption and the number of companies related to bitcoin in the region causes him “optimism.”
Regardless, the panelists cited that many scams turned people away from the true value that cryptocurrencies offer. Echandi points to to understand and separate the individual projects from what it really means Bitcoin.
Ian Mar, for example, mentioned the growth that the Internet had in its beginnings. Being a such a disruptive technology, it had a slow adoption, but, little by little, it became a necessary element in people’s lives. According to her, the same will happen with cryptocurrencies.
Both Mar and Dorion agreed on the importance that must be given to safety for growth to be healthy. “Understanding it is taking care of our money,” they maintain.