Panama City to Accept Bitcoin and Ethereum for Payments, But Converts to US Dollars
In a landmark move for Latin America’s fintech scene, Panama City has officially begun accepting cryptocurrency payments for municipal services. Announced by Mayor Mayer Mizrachi, residents can now pay taxes, permits, fees, and even fines using Bitcoin (BTC), Ethereum (ETH), and stablecoins like USDC and USDT. But there’s a catch—while the city accepts crypto, all…