The beta version of Ikigii was released on May 14th, 2025. It is an application that seeks to integrate dollar, Bitcoin (BTC) and Cryptoactive management on a single platform created by Towerbank, a Panama bank with over 50 years of experience.
In that context, Cryptonoticias interviewed only Johan Hernández, a business executive at Towerbank, and said Ikigii “can manage both your cryptocurrency and your dollars in the same place.”
Wallets created by TowerBank are for global use, but may be a particularly useful tool for Latin America. Considering that the use of cryptographic active (especially stable coins) has become famous in that region, it has become famous due to factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such as factors such Domestic currency inflation Or the difficulties imposed in carrying out international transactions.
A financial platform aimed at “integrating two worlds”
According to Hernández, the Ikigii doesn’t occur as a simple wallet for cryptocurrency. «It’s not just a crypto wallet or a traditional banking app. This is the perfect financial experience that fuses both worlds into a single bank account».
According to the official website, users can use the application to purchase, sell and protect encryptions such as Bitcoin, Ethereum (ETH), USDT, USDC (which will soon be added to XRP), and exchange “in seconds” “in seconds” without the need to transfer funds between different platforms and applications.
For operations using ETH, USDC, and USDT, this application uses the ERC-20 standard and uses the main layer of Bitcoin for BTC transactions.
In Towebank Manager’s words, Wallet Ikigii is “a unique account of dollars and crypto. There is no need to move funds between apps and platforms. Conversions are instantaneous, no friction between Crypto and Fíat, and no friction within the same account.”
However, use of the Ikigii platform faces current limitations: available Only in the Panama Application Storebanks are working to expand to other countries. Plus, anyone who wants to try out the beta (from Panama) will need to fill out the form and will be on the waiting list to download the app.
Ikigii Security and Parenthood
Before the question, “Why do people use bench wallets (Ikigii) instead of storing and manipulating cryptographic actives from exchanges?” Hernandez emphasized security. “Unlike an exchange where you don’t have a personal key, your name isn’t always your name. Your code is your name, protected by your name and trustee, which is protected by your name and trustee.
Ikigii users’ cryptoactive custody is responsible for Towertust, a regulated trustee who is part of the TowerBank ecosystem. As explained by Hernández, TowerRust uses a US-regulated custody solution, trust Became independent.
In other words, Crypta Active is not part of the bank’s balance, They cannot be charged by creditors In the case of financial difficulties. This approach aims to ensure that users’ funds are always safe and accessible.
U.S.-regulated custodian use. uu. Towertust suggests that it follows international security standards, but does not specify an exact custody method, such as storage type (cold or hot) or encryption protocols.
On the other hand, to create an account in this TowerBank wallet, you must go beyond the “Know Your Client” (KYC) process.
The motivation behind the adoption of Bitcoin and cryptocurrency
Invasion of Towerbank’s cryptocurrency ecosystem is not an impulsive decision; Your own customer needs. Hernández says the bank has identified growing interest among users.
“Our customers were already interacting with cryptocurrency, primarily through credit card purchases.”
Johann Hernandez, business executive at Tower Bank.
This action has led agencies to explore ways to integrate their cryptocurrency ecosystem with traditional finance (TRADFI) and “local regulators and our correspondent banks.
TowerBank does not work directly with cryptocurrency, but banks have developed products that harness the value of Bitcoin. For example, Panama’s bank executives, the institution explained We offer loans supported by Bitcoina tool that allows users to obtain liquidity in dollars without selling cryptographic effects.
This type of product reflects banks’ perceptions of the potential of Bitcoin, but Hernandez has made it clear for now. They have no plans Create strategic reserves in BTC.
Promoting crypto adoption in Panama and beyond
The launch of Ikigii coincides with a moment of growing interest in Panama’s cryptocurrency. In mid-April, TowerBank announced an agreement with the Mayor of Panama, as reported by Cryptootics. Allow local government payments with CryptoactiveHernandez is optimistic about initiatives:
“These initiatives have great potential to encourage the adoption of cryptography, as they represent actual cases of use within traditional institutions that have historically been distant from the ecosystem.”
Johann Hernandez, business executive at Tower Bank.
Like the ikigii wallet, these types of projects may promote daily use of bitcoin and cryptocurrency. Promotion of adoption of people who are not familiar with this technology.
Furthermore, the Panama regulations context appears to be evolving. At the end of March 2025, Cryptootics notified the presentation of a bill to regulate the country’s cryptocurrency. Hernández believes that the biggest challenge in developing a clear regulatory framework is to “balance the interests of all ecosystem actors.”
However, he sees this process as an opportunity for Panama to position himself as a reference to regional financial innovation, attracting businesses and promoting new business opportunities.
