Ships Could Pay Panama Canal Transit Fees in Bitcoin and Cut the Line, Panama City Mayor Muses

LAS VEGAS, Nevada — The Mayor of Panama City, Mayer Mizrachi, is taking notes connected bitcoin from the person of El Salvador.

Speaking astatine Bitcoin 2025 successful Las Vegas connected Thursday, Mizrachi said he’s been reasoning of ways Panama’s superior city, which is location to the Panama Canal, could instrumentality bitcoin payments.

This includes perchance mounting up a strategical bitcoin reserve for Panama City, arsenic good arsenic perchance taking payments — including for transition done the Panama Canal — successful bitcoin, Mizrachi said.

“What if you person a perk for paying successful bitcoin?” Mizrachi mused. “You’d get to spell faster.”

Under Mizrachi, Panama City passed a measure that allows residents to wage for taxes, parking tickets, permits, and different fees with bitcoin BTC, ether ETH and immoderate stablecoins.

Four years ago, astatine Bitcoin 2021, Nayib Bukele, the person of Panama’s cardinal American neighbour El Salvador, announced that his state would statesman accepting bitcoin arsenic ineligible tender. Mizrachi said helium was straight inspired by Bukele's policies.