Panama City Mayor Considers Bitcoin Payments for Canal Fees
The Mayor of Panama City, Mayer Mizrachi, discussed potential bitcoin implementations during the Bitcoin 2025 conference in Las Vegas. Key points include:
- Mizrachi is exploring ways to accept bitcoin payments in Panama City.
- Ideas include establishing a strategic bitcoin reserve and accepting bitcoin for services like passage through the Panama Canal.
- A proposed incentive for bitcoin payments could allow faster processing times.
- Under Mizrachi's leadership, a new bill permits residents to pay taxes, parking tickets, and fees with bitcoin, ether, and certain stablecoins.
- Mizrachi cites inspiration from El Salvador's President Nayib Bukele, who made bitcoin legal tender four years ago.