It has to be some tax haven and a country that relies heavily on foreign investment. I would still say whether it is crypto or fiat, singapore has a strong chance of taking that crown. Then you have Mauritius as well.
If i think about the process, goods will largely be manufactured in china. What crypto does is help escape currency controls. So as long as buyer and seller and logistics are ready to accept crypto, any tax haven should do. HK and Singapore, given their infrastructure could take the crown. The one impediment i see is customs. I dont know if a country can prevent import of goods if payment was made in crypto
Wow, you really thought this through, and with proper intuition might I add. If we are on the topic of a company aiming to capture this opportunity, you're spot on!
But I meant more of a government-lead action to pursue this opportunity, as was the case with Malta.
Yeah, not sure if a govt is going to be that proactive. As much as i have dealt with govt agencies, they are not incentivized to be proactive. Specially in the developing world. They usually need to lure an existing industry or be approached by businessmen. I mean that is what i think. If there an industry that crops up, i think the likes of singapore and hk will still take it. They have been inviting businesses for ages and know how to be active about it.
Hong Kong & Singapore are some of the most proactive business hubs in the world, but I feel the governments there are not going to take such an eager welcome to crypto market's buying power.
I want to stress on something you mentioned. Developing nations' governments react to approaches by foreign businesses, and often with eagerness as it helps them pad their weak performance.
Perhaps, you've hit an important point. Partnerships with developing nations' governments could be a good opportunity for PumaPay to bring in consumer product suppliers on to its platform, and as a result a supply of consumer products purchasable with crypto.
Yeah, specially in India, FDI and MoUs are great advertising. Doesnt matter how much delay happens for actual investment to materialize.
Yeah, an ecosystem has to develop along with pumapay i think. Traders/payment services/govt incentives. May be puma pay can tap a lot of independent importers/exporters in developing nations by providing a marketplace interface as well.
Some of what you have stated is part of their current roadmap.
PumaPay should recruit you as a business development manager. You have some great business development ideas that would easily allign with their technical roadmap.
I am open to working for them. But i think most of these blockchain projects need technical people or programmers. I would love to work for a blockchain startup in India, once I am there.