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May 29, 2025

Panama City Mayor Considers Bitcoin Payments for Canal Fees

1 min

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.