Panama City Mayor Flirts With Bitcoin Reserves After El Salvador Strategy Session

Panama’s capital might be the next domino to fall in LatAm’s crypto adoption wave. The city’s mayor just met with El Salvador’s Bitcoin advisors—and suddenly, ’reserve asset’ whispers start circulating.

No formal proposal yet, but the timing reeks of political theater. After all, what better way to distract from inflation than shiny digital tokens? (Bonus points if you can borrow El Salvador’s playbook without the 60% price drops.)

Watch the ’Bitcoin Beach’ narrative creep northward. Central bankers won’t like this one bit.

Panama City’s Bitcoin embrace

Beyond hints of a reserve, Panama City has already made notable strides in crypto adoption.

In April, the city council approved using digital assets for public payments. Residents can now use Bitcoin, Ethereum, and stablecoins to settle taxes, fines, permits, and municipal fees.

This makes Panama City the first government institution in the country to accept crypto and one of the earliest adopters worldwide in public administration.

In addition, Herbert revealed that Panama City is preparing to integrate El Salvador’s “What is Money?” financial literacy textbook into its newly launched digital libraries.

The book aims to educate students and teachers on financial principles through the lens of Bitcoin, signaling a long-term plan to boost digital literacy among the youth.

Mayor Mizrachi is also scheduled to speak at the upcoming Bitcoin 2025 Conference, underlining his administration’s growing alignment with global crypto thought leaders.