Golden Finance reports that according to News.bitcoin, at the Bitcoin 2025 conference, the mayor of Panama City, Mayer Mizrachi, announced a series of important measures to promote the application of Bitcoin.
Mayer Mizrachi disclosed that Caja de Ahorros, the second-largest bank in Panama, plans to launch savings accounts based on Bitcoin (BTC). This innovative measure will offer customers new financial management options. With the custody services provided by banks, customers can conduct Bitcoin-related operations more conveniently, greatly simplifying their Bitcoin experience. This means that ordinary people will be able to participate in the storage and management of Bitcoin more safely and efficiently through traditional banking channels, lowering the threshold for Bitcoin investment and storage.
Before this, Panama has made many explorations in the application of Bitcoin. Mayer Mizrachi once said that it is planned to give priority navigation to ships that pay canal fees with Bitcoin. If this idea can be implemented, it will significantly enhance the application value of Bitcoin in key areas of international trade and strengthen the practical payment function of Bitcoin. At the same time, he is also considering establishing a municipal Bitcoin reserve, aiming to incorporate Bitcoin into the city’s fiscal strategic layout. By reserving Bitcoin, new ways of fiscal asset allocation can be explored, and the city’s position in the global cryptocurrency economic landscape can be enhanced.
Not only that, Panama has also made positive progress in the field of cryptocurrency payments. Previously, the Panama City Council has voted to allow government public institutions to accept payments in cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), USDC and USDT. This measure, relying on the cooperation between Panama and banks, instantly converts the cryptocurrencies paid by customers into US dollars, thereby meeting legal requirements and opening up a key link for the application of cryptocurrencies in the public service sector.
The launch of the BTC-based savings account by Caja de Ahorros this time is another important manifestation of Panama’s continuous promotion of innovation in the field of cryptocurrencies. With the implementation of this project, it is expected to attract more Panamanian people to pay attention to and participate in Bitcoin-related businesses, further promoting the popularization and application of Bitcoin in the local area. It is also expected to provide new ideas for the integrated development of cryptocurrencies and traditional finance for other regions around the world. Subsequently, the market will closely monitor the specific operation mode of this savings account and its profound impact on Panama’s financial market and the Bitcoin ecosystem.
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