In a landmark move, Panama City is set to become the first public institution to accept cryptocurrency payments for taxes and other municipal obligations starting in 2025. This bold initiative signifies a strategic policy shift that leverages innovative digital finance while minimizing volatility risks. Mayor Mayer Mizrachi, who has spearheaded this pioneering effort, collaborated with Towertrust Inc. and Towerbank International Inc., ensuring seamless conversion of cryptocurrencies into U.S. dollars, aligning with existing dollar reception regulations. This immediate USD conversion approach aims to mitigate the inherent fluctuations of digital currencies while providing residents with a modern payment method that secures stable government revenue streams.