I'm from Panama but live in USA. I never knew wpe was cheaper in Panama. Also, Panama uses USD as their currency but minimum wage is much lower than in US. So it makes sense that it is cheaper there.
Pricing in Brazil and Argentina have been adjusted to be the same with US and every country around the world – including many countries in Asia Pacific where minimum wage are as low as Brazil, it is therefore pretty fair if WP adjust pricing in Panama too. Imagine that they used to sell $50 per 10k wpe in May and this already guaranteed their profitability. Now that they have occupied the market, and of course I saw they significanrly increased price.
I'm wondering how much they would make.
WP, I can tell you are losing lots of money as these smart dudes have been continuously abusing your company by using the benefits from this gap.
Anyway, I'm going attach some photos later so please stay tuned if you're interested.