Panama City Signs Deal to Accept Bitcoin Payments

• Panama City will now accept Bitcoin payments officially.
• The city signed a formal deal with a partnering bank.
• The move signals growing crypto adoption in Latin America.

Panama City Embraces Bitcoin for Public Payments

In a groundbreaking move for Latin America, Panama City has officially signed a bank agreement to begin accepting Bitcoin as a form of payment. The deal, confirmed today, marks a major milestone in the city’s journey toward becoming a crypto-friendly hub.

This step follows increasing momentum in Latin America toward digital assets, with Panama now joining the ranks of jurisdictions aiming to integrate crypto into public financial systems.

The agreement allows citizens and businesses to use Bitcoin for select payments through a city-approved banking partner—enhancing financial flexibility and embracing the future of money.

A Strategic Push Toward Financial Innovation

By signing this Bitcoin payment deal, Panama City signals a commitment to innovation and digital finance. It’s a forward-thinking strategy to streamline transactions, expand financial inclusion, and attract tech-forward businesses and investors.

While details of the rollout are still unfolding, officials suggest the initiative will begin with limited services and gradually expand as infrastructure and adoption grow.

This could include payments for permits, city services, and even local taxes—putting Bitcoin to practical use in everyday governance.

Latin America’s Crypto Revolution Grows Stronger

Panama’s latest announcement adds fuel to the region’s growing crypto revolution. Countries like El Salvador have already made headlines by adopting Bitcoin as legal tender, and now Panama City takes its own major step forward.

The city’s move also positions it as a competitive location for blockchain and fintech startups looking for a crypto-friendly regulatory climate.

As regulatory clarity increases and partnerships with banks solidify, the use of Bitcoin in Panama could become a model for other cities across the region.