The mayor of the city of Panama said the canal should give the ships to pay bitcoin faster access
Panama City Mayor Mayer Mizrachi floated in the idea of allowing ships that move the Panama Canal to pay in Bitcoin for faster lane.
Mizzarachi suggested During the Panel discussion at the Bitcoin Conference 2025 in Las Vegas on May 29 the shipment ships could cut the line to wait for their passage through the main shipping channel by paying Bitcoin (Btc).
“We have a canal – what if you get a perk for paying in Bitcoin, get your ship faster if you pay for Bitcoin,” Mizrachi suggested while talking to two El Salvador Bitcoin policy policy leaders, Max Keizer and Stacy Herbert. The director of Bitcoin Beach in El Salvador, Mike Peter Son, has activated the panel.
Panama Canal is a water-made water that connects the Caribbean and Pacific Oceans, allowing shipment ships to save weeks of travel time instead of sailing around South America. It plays an important role in the global trade, with almost 5% of the global maritime commercial passing through it each year.
Ships pay to travel by canal, with Panama earning nearly $ 5 billion income from the canal to the last year of fiscal year between October 2023 and September 2024, According to On the Panama Canal website.
Nearly 10,000 ships moved to the gutter at that time, carrying 423 million tons worth the goods.
The Panama Canal became a controversial topic in December 2024 as Trump announced plans for the US to recover canal control, citing concerns over increasing Chinese influence and claiming that unfair tolls were imposed on US ships.
The City of Panama is in front of the foot with the adoption of Bitcoin Kani -Yes only, which recently approved a proposal to allow the use of Crypto for public payment, Includes taxes, fines, and municipal fees.
Bitcoin payments for Panama’s Canal are one of the many ideas Mizrachi has built in recent weeks as he investigates how to follow his country The leadership of El Salvador In adopting bitcoin.
That he also -tout the idea of establishing a Bitcoin’s reserve for Panama City – Home to more than half of Panama’s global domestic product – in the panel discussion that he does not need to approve the legislative to adopt such a proposal.
Mizrachi wants Panama lawmakers to sit back
Mizrachi urged Panama lawmakers to pause work on bills to repair crypto, rather than pushing a hands-off regulatory approach.
“Don’t touch it, don’t come here, don’t even look at it, let it work, let it work,” Mizrachi said.
“Then decide what it needs. Do you want to tighten it or do you want to promote it?”
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Mizrachi claims to be over $ 5 billion worth of Transactions to Bitcoin It happens annually in Panama, but many adoption has taken place behind closed doors, as many are afraid to embrace Bitcoin.
Mizrachi’s comments arrived while Panama declared a state of emergency in the province of Bocas del Toro after Banana Chiquita brands Steps to Social Security.
Chiquita claims to have lost more than $ 75 million as a result of strikes and road barriers affecting business operations.
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