US EditionWant to Use the Panama Canal? You Could Cut the Line With BTC, Panama City Mayor Muses
- Panama City Mayor Mayer Mizrachi proposed allowing ships to pay Panama Canal transit fees with Bitcoin for expedited passage during the Bitcoin 2025 conference on May 29, 2025 in Las Vegas.
- This proposal follows Panama City's recent approval of crypto payments for taxes and fines and draws direct inspiration from El Salvador's Bitcoin adoption policies led by President Nayib Bukele.
- Mizrachi suggested providing a priority navigation perk for Bitcoin payments and is considering a municipal Bitcoin reserve, highlighting Panama City's supportive political climate for crypto innovation.
- The Panama Canal handles 30-40 ships daily and generated $4.9 billion in toll revenue in fiscal year 2024, while the Panama Canal Authority has yet to officially respond to the cryptocurrency payment plan.
- If put into practice, this plan could reshape global trade logistics and boost Bitcoin usage, possibly leading to new regulations that acknowledge the expanding influence of cryptocurrencies within public sector activities.
15 Articles
15 Articles
Panama Canal Could Prioritize Bitcoin-Paying Ships, Mayor Suggests – MAXBIT
Panama City’s mayor, Mayer Mizrachi, put forward an unusual plan at the Bitcoin 2025 conference in Las Vegas on May 29. He suggested that cargo ships could speed up their transit through the Panama Canal if they paid in Bitcoin. It was a brief comment, but it set off a flurry of questions about how...
CryptoPanic
Panama Canal Could Prioritize Bitcoin-Paying Ships, Mayor Suggests
Panama City’s mayor, Mayer Mizrachi, put forward an unusual plan at the Bitcoin 2025 conference in Las Vegas on May 29. He suggested that cargo ships could speed up their transit through the Panama Canal if they paid in Bitcoin. It was a brief comment, but it set off a flurry of questions about...
Panama Canal May Accept Bitcoin for Transit Fees - Blockchain & Cryptocurrencies Tabloid
Panama City proposes Bitcoin payments for canal transit fees. Explore key details and potential impacts. The post Panama Canal May Accept Bitcoin for Transit Fees appeared first on Blockchain & Cryptocurrencies Tabloid.
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