In a groundbreaking move for cryptocurrency adoption in Latin America, Panama City has become the first municipality in Panama to approve cryptocurrency payments for public services. The historic decision, announced by Mayor Mayer Mizrachi on April 15, 2025, received unanimous support from the City Council, marking a significant milestone in the region’s digital payment evolution.
Key Highlights of Panama City’s Crypto Integration
- First municipality in Panama to accept cryptocurrency payments
- Unanimous approval from City Council
- Implementation expected to begin in Q3 2025
- Initial support for Bitcoin (BTC) and Ethereum (ETH)
This development follows a broader trend of cryptocurrency adoption in Latin America, where several countries have been embracing digital payment solutions to enhance financial inclusion and modernize public services.
Implementation Timeline and Services
The municipality plans to roll out cryptocurrency payment options for various public services, including:
- Property tax payments
- Business license fees
- Municipal service charges
- Public transportation fares
Impact on Regional Crypto Adoption
This initiative could serve as a catalyst for other municipalities in Panama and neighboring countries to embrace cryptocurrency payments. The move aligns with Panama’s broader efforts to position itself as a digital innovation hub in Central America.
Frequently Asked Questions
When will cryptocurrency payments be available?
The system is expected to go live in Q3 2025, with a phased rollout across different services.
Which cryptocurrencies will be accepted?
Initially, the municipality will accept Bitcoin (BTC) and Ethereum (ETH), with plans to expand to other cryptocurrencies in the future.
How will payment processing work?
The municipality will partner with licensed payment processors to handle cryptocurrency transactions, ensuring compliance with local regulations.
As this initiative unfolds, Panama City joins a growing list of forward-thinking municipalities worldwide embracing cryptocurrency payments, potentially setting a precedent for future government adoption of digital currencies in Latin America.