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Panama City First in Latin America to Accept Crypto Payments

4/18/2025

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Summary

Story summary

Panama City is making history as the first public institution in Latin America to embrace cryptocurrency for municipal services like taxes and permits. Residents can now pay using Bitcoin, Ethereum, and stablecoins USDC and USDT. A partnership with a bank ensures seamless conversion to U.S. dollars, paving the way for a modern financial future.

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Story summary

Panama City is making history as the first public institution in Latin America to embrace cryptocurrency for municipal services like taxes and permits. Residents can now pay using Bitcoin, Ethereum, and stablecoins USDC and USDT. A partnership with a bank ensures seamless conversion to U.S. dollars, paving the way for a modern financial future.