Panama City Embraces Cryptocurrency for Municipal Payments

Panama City has taken a groundbreaking step by authorizing the use of cryptocurrency for various government services. Mayor Mayer Mizrachi Matalon announced on Wednesday that residents can now utilize digital currencies like bitcoin, ether, USDC, and USDT to settle taxes, fees, tickets, and permits. This initiative marks Panama City as part of an expanding list of municipalities worldwide embracing cryptocurrencies for governmental transactions.