Panama’s Bitcoin Canal Policy: Boon or Bust for Global Trade?

Panama City Mayor Mayer Mizrachi proposed a radical shift in the Panama Canal’s payment system, allowing ships to pay tolls in Bitcoin. This bold proposition has sparked excitement and apprehension within financial and shipping sectors alike. Proponents highlight Bitcoin’s potential to streamline payments, reduce fees, and attract tech companies, but critics warn of volatility, regulatory risks, and disruption to established financial systems. The central question remains: will this Bitcoin-powered innovation boost global trade or endanger Panama’s economic stability with a volatile asset?