▪️Portugal startup and innovation ecosystem: Portugal has a growing startup and innovation ecosystem, which includes companies working on blockchain and cryptocurrency projects. The government and various organizations support startups and entrepreneurs in the sector. #crypto2023 #crypto #ecosystem #Portugal

▪️Entrepreneurial and Digital Nomad Atmosphere: Portugal has gained popularity as a destination for digital nomads and entrepreneurs. The country offers a favorable environment for individuals working in the cryptocurrency space, including access to coworking spaces, networking opportunities, and a vibrant startup scene. #cryptospace #digital #crypto2023 #crypto #Portugal

Portugal's Progressive Policies Propel Fintech Growth. 🇵🇹

Portugal's fintech sector is flourishing, with a population of around 10 million. The recently launched Portugal Fintech Report highlights the country's unique governmental approach, particularly in cryptocurrency and freelancer regulations.

Factors Driving Fintech Growth:

Regulatory Flexibility: Portugal's regulatory approach allows for flexibility, fostering a robust fintech landscape.

Tax Incentives: The country offers attractive tax incentives, making it an enticing hub for digital asset and freelancer-centric fintech startups.

Lifestyle Benefits: Portugal combines regulatory support with high-quality living conditions, attracting global talent.

Highlighted Fintechs in Portugal:

ivendPay: Provides comprehensive cryptocurrency solutions for everyday transactions, offering innovative technology and instant cryptocurrency-to-fiat exchange.

Wallid: Offers ID solutions spanning Web2 and Web3, simplifying online purchases and ensuring control over individual ID data.

Coinscrap Finance: A B2B fintech using transactional data and behavioral economics to help banks and insurers understand clients' financial situations.

Uphold: A Web3 financial platform with "Anything to Anything" interface, serving over 10 million customers globally.

Jupiter app: Streamlines tax management for freelancers and digital nomads, empowering individuals and positioning Portugal as a leader in supporting the future of work.

Portugal as the European Crypto Hub:

Lisbon excels as Europe's crypto hub due to favorable regulations and a dynamic tech community. Portugal's Digital Transitional Action Plan prioritizes innovation through designated "Free Zones" for testing new technologies.

Global Talent Pool and Collaboration:

Portugal, Europe's crypto hub, fosters entrepreneur collaboration through strategic projects. Proximity to Spain fuels fintech expansion. Initiatives like the Non-Habitual Resident scheme attract freelancers with tax benefits, set to change in 2024.

#IvendPay #Portugal #Spain #fintech #Europe