In a move signifying the growing embrace of cryptocurrency, Panama’s city council has voted to implement crypto payments for public services. This historic decision positions Panama as one of the most crypto-friendly cities in Latin America, paving the way for citizens to utilize popular coins like Bitcoin (BTC) and Ethereum (ETH). The proposal grants access to paying taxes, fees, tickets, and permits using Bitcoin (BTC), Ethereum (ETH), USDC, and USDT. “Panama City Council has voted to become the first public institution to accept cryptocurrency payments. Citizens will now be able to pay taxes, fees, tickets, and permits entirely with cryptocurrency, starting with BTC, ETH, USDC, and USDT.”, said Mayor Mayer Mizrachi. This initiative leverages a partnered bank to manage currency conversions from cryptocurrencies to USD while adhering to legal requirements without the need for new legislation. This innovative approach simplifies the process and avoids complications.