In brief:
₿- Major national bank to offer Bitcoin-based savings accounts with seamless dollar transactions.
₿- New measures aim to boost Bitcoin adoption across banking, payments, and public services.
Panama is making bold moves to embrace Bitcoin, becoming Latin America’s major crypto hub. During the Bitcoin 2025 conference, Panama City Mayor Mayer Mizrachi revealed a series of ambitious initiatives to integrate Bitcoin into the country’s financial system, positioning Panama as a trailblazer in crypto adoption.
Caja de Ahorros to launch Bitcoin savings accounts
One of the most notable announcements came from Caja de Ahorros, Panama’s second-largest bank. The bank will soon allow customers to open Bitcoin-based savings accounts that can transact easily in U.S. dollars. The move will give locals a simple and secure way to store and manage Bitcoin, making crypto more accessible to the general population.
Canal payments in Bitcoin and perks for shippers
Mizrachi also teased plans to let freight companies pay for Panama Canal passage using Bitcoin. He proposed incentives for using BTC, such as faster processing for ships that pay with the digital asset. The idea could revolutionize global trade by offering a modern alternative to traditional payment systems in one of the world’s busiest shipping routes.
Crypto POS integration already underway
In addition, Tower Bank has already partnered with the Panamanian municipality to enable cryptocurrency payments, including the use of Bitcoin-compatible point-of-sale (POS) systems. These systems are being rolled out across various government offices, allowing citizens to pay for public services using crypto.
Bitcoin reserve and mining plans in the pipeline
Mayor Mizrachi also hinted at the creation of a municipal Bitcoin reserve and the potential use of Panama’s energy resources for Bitcoin mining. These initiatives would deepen Panama’s crypto strategy and enhance its long-term financial independence.
Panama sets an example for Latin America
According to Mizrachi, Panama is already handling over $5 billion in Bitcoin transactions annually—largely behind the scenes. The country’s unique position as a financial crossroads gives it a powerful edge as it leans into the digital economy.
If Panama succeeds, it could set a precedent for other countries in the region looking to modernise their economies through cryptocurrency. The country is positioning itself as a serious player in the digital economy. If regulatory clarity follows, Panama could not only attract global crypto businesses but also lead a regional transformation—proving that strategic adoption of decentralised finance can unlock economic resilience and global relevance.
Stay informed,
Rodcas Consulting Group