The possibility of Panama radically transforming its role in global trade has begun to take shape, with a clear interest in using cryptocurrencies to boost its economy and modernize its services.
Panama City Mayor Mayer Mizrachi said he is considering a revolutionary proposal that could position the city and the country at the forefront of international trade: Allow Bitcoin payments for the tolls that ships must pay when transiting the Panama Canal.This idea, which is still under analysis, represents a potential break with the traditional system, and its potential benefits could extend far beyond Panamanian borders, directly impacting the efficiency and safety of the global maritime sector.
BUY AND MANAGE BITCOIN ON BIT2ME, THE MARKET LEADERBitcoin 2025 and the announcements that could change the maritime world
During Bitcoin 2025, one of the most important events in the crypto and blockchain ecosystem, several announcements generated a significant impact on attendees and industry analysts. One of the most notable was the intervention by the Mayor of Panama, Mayer Mizrachi, who formally proposed that the Panama Canal could accept Bitcoin as payment for tolls for ships transiting this strategic waterway.
According to Mizrachi, this possibility is being evaluated, and its implementation could bring advantages in terms of process agility, lower costs, and greater convenience for international shipping companies.
Mayor expressed If the proposal is implemented, users who choose to pay with Bitcoin could benefit from certain advantages, such as lower fees or faster payment processes, thus promoting an incentive for the adoption of cryptocurrencies in a sector where efficient and rapid transactions are essential. The relevance of this idea lies in the fact that Panama, with its Canal, plays a central role in global trade, and the incorporation of cryptocurrencies into its payment infrastructure could become a catalyst for adoption by other countries and sectors.
A global engine of financial innovation
The Panamanian mayor's proposal comes at a time when cryptocurrencies are gaining increasing relevance globally. From means of exchanging value to investment and protection tools, to facilitating fast and low-cost international payments, cryptocurrencies have become a legitimate and practical medium for a variety of global functions.
Use your crypto with confidence – go to Bit2Me CardHowever, despite Bitcoin's innovation and importance, some consider the leading cryptocurrency unsuitable as a means of payment due to its volatility. Following Mayor Mizrachi's proposal, some pointed out that Bitcoin's adoption at the Panama Canal could lead the country to impose greater regulations or face additional legal and financial challenges. Critics warn that Bitcoin's volatility could jeopardize the stability of the Panama Canal's revenues.
On the other hand, proponents of the proposal argue that accepting Bitcoin would reduce banking delays and costs associated with international transfers, facilitating small shipping companies' access to global trade and positioning Panama as a leader in digital innovation and the crypto economy. They also emphasize that the initiative could attract technological investment and specialized talent, transforming the city into a hub for startups and blockchain companies.
Certificate
Basic Bitcoin Course
Basic levelStart from scratch in Bitcoin in a clear, easy, safe and quick way. This course is specially designed for beginners practically know nothing about Bitcoin.
Panama opens the doors to cryptocurrencies: from paying taxes to adopting them in commerce
Panama's relationship with cryptocurrencies has been evolving in recent months. For example, the country has taken firm steps toward accepting these technologies, particularly in the tax area. In April, Panama officially announced that cryptocurrencies would be considered a tax haven. a legitimate form of payment for your taxes and municipal services, setting an important precedent in the region. As reported by this outlet, this measure by the Panamanian government not only reflects an openness to innovation in crypto assets, but also a strategy to attract new businesses and improve efficiency in public administration, reducing costs and management times.
The adoption of cryptocurrencies in tax payments is an important step forward that complements the country's vision of becoming a modern financial and logistics center, ready to integrate new business models in the digital and decentralized world.
The move toward legalizing cryptocurrencies as a payment method not only increases confidence in these assets but also boosts their practical use in the daily lives of citizens and businesses, serving as an example for other Latin American and regional countries.
With these actions, Panama is positioning itself as an example of innovation in the region, demonstrating that the integration of cryptocurrencies into its financial and tax system can be effective and beneficial.
MAXIMIZE YOUR OPPORTUNITIES – INVITE AND EARNNow, the possibility of accepting Bitcoin at the Panama Canal would be a new catalyst for a transformation that reinforces its leadership in the adoption of blockchain technologies. The vision of a modernized, efficient, and digitally open Panama is gaining momentum, inspiring other countries to follow suit and commit to a future where cryptocurrencies are a key factor in all facets of commerce and public administration.
Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.
