tl;dr
Panama City Mayor Mayer Mizrachi hinted at the creation of a Bitcoin reserve following a meeting with El Salvador Bitcoin advisors Max Keiser and Stacy Herbert. El Salvador has accumulated over 6,000 BTC as part of its Bitcoin financial strategy. Panama City has advanced crypto adoption by allowing ...
Panama City Mayor Mayer Mizrachi has hinted at the creation of a Bitcoin reserve after meeting with El Salvador’s Bitcoin advisors Max Keiser and Stacy Herbert. This development follows El Salvador’s lead, which has amassed more than 6,000 BTC as part of its national Bitcoin financial strategy.
Demonstrating Panama City’s increasing acceptance of cryptocurrencies, the city council recently approved the use of digital assets—Bitcoin, Ethereum, and stablecoins—for public payments, allowing residents to pay taxes, fines, permits, and municipal fees with crypto. This makes Panama City the first government institution in Panama to adopt such a system, marking a significant milestone in digital currency integration within public administration.
In a push to enhance financial education, Panama City plans to incorporate El Salvador’s Bitcoin-focused financial literacy textbook, "What is Money?", into its digital libraries. This initiative targets youth education, aiming to cultivate a deeper understanding of digital finance and Bitcoin’s role within it.
Mayor Mizrachi’s upcoming speech at the Bitcoin 2025 Conference highlights Panama City’s expanding engagement with global cryptocurrency initiatives. The city’s forward-thinking moves reflect a broader trend in Central America, where countries explore Bitcoin’s potential for economic innovation and financial sovereignty.