Posted on 05/29/2025 10:34:08 PM PDT by NoLibZone
The mayor of Panama City, Mayer Mizrachi, said the city could potentially establish a bitcoin reserve.
The Mayor of Panama City, Mayer Mizrachi, is taking notes on bitcoin from the leader of El Salvador.
Speaking at Bitcoin 2025 in Las Vegas on Thursday, Mizrachi said he’s been thinking of ways Panama’s capital city, which is home to the Panama Canal, could implement bitcoin payments.
This includes potentially setting up a strategic bitcoin reserve for Panama City, as well as possibly taking payments — including for passage through the Panama Canal — in bitcoin, Mizrachi said.
“What if you have a perk for paying in bitcoin?” Mizrachi mused. “You’d get to go faster.”
Under Mizrachi, Panama City passed a bill that allows residents to pay for taxes, parking tickets, permits, and other fees with bitcoin
Four years ago, at Bitcoin 2021, Nayib Bukele, the leader of Panama’s central American neighbor El Salvador, announced that his country would begin accepting bitcoin as legal tender. Mizrachi said he was directly inspired by Bukele's policies.
i don’t think this would be a function of the alcadia. the canal is directly controlled by the national government. but they may indeed be considering such a thing.
skipping the line is another issue, someone familiar with current operations would have to chime in.
maybe panama is trying to figure out any angle to de-dollarize, even a little?
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