Panama Embraces Cryptocurrency: City to Utilize Bitcoin & Ethereum for Public Services

Panama City has become the first public institution in government history to accept cryptocurrency payments for taxes, fees, tickets, and permits. This bold move follows a council vote on April 16th, marking Panama’s commitment to integrating digital currencies into everyday public services. The city will begin accepting major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and stablecoins such as USDC and Tether (USDT).