Panama City Eyes Bitcoin Reserve to Fuel Economic Modernization

Panama City is taking inspiration from El Salvador’s successful adoption of Bitcoin, exploring the creation of a city-level Bitcoin reserve to bolster local economic modernization and encourage wider cryptocurrency adoption in Latin America. Mayor Mizrachi, known for his technological vision, met with El Salvador’s Bitcoin policy advisors to glean insights on scaling this initiative. Discussions focused on utilizing Bitcoin as an economic hedge against volatility. The potential reserve could act as a store of value for the city, boosting investor confidence and potentially attracting crypto investors in the region.