Last month news.Bitcoin.com reported on the grand opening of the Panama Blockchain Embassy, located at the Balboa Boutiques strip mall in Panama City. This week Jorge Farias, the founder of the digital assets provider, Cryptobuyer, has announced the company is persuading the entire strip mall’s merchants to accept bitcoin and so far the startup has been very successful.The Panama Blockchain Embassy and the company Cryptobuyer wants the Balboa Boutiques strip mall to be the first mall in the world to have every merchant accept bitcoin. Farias tells news.Bitcoin.com that merchants in the mall are utilizing the startup’s Point-of-Sale (PoS) device. The machine allows the purchasing of items with bitcoin by printing out an address QR code and operates similarly to a traditional credit card terminal. “A great interest from tourists and locals regarding digital currencies was the trigger to push the adoption of Cryptobuyer Pay in Balboa Boutiques,” Cryptobuyer details.
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