Panama City Mayor Proposes Bitcoin Payments for Canal Transit

Panama City Mayor Mayer Mizrachi has proposed using Bitcoin payments for faster transit through the Panama Canal. He suggested this idea at the Bitcoin 2025 conference in Las Vegas on May 29, aiming to incentivize ships to pay in Bitcoin for expedited passage through the canal. This proposal, alongside El Salvador’s Bitcoin adoption and recent advancements in cryptocurrency legislation within Panama itself, highlights the country’s embrace of digital currency.