Bitcoin News Today: Panama Canal May Offer Bitcoin Toll Discounts to Boost Crypto Adoption

Panama City Mayor Mayer Mizrachi has endorsed a proposal to allow Bitcoin payments for tolls on the Panama Canal, potentially offering discounts to ships that transact in the cryptocurrency. In a public post on August 7, 2025, the mayor described the initiative as “brilliant” and urged the Panama Canal Authority to consider its implementation. The proposal aims to create a steady Bitcoin reserve for the country while attracting more shipping traffic to one of the world’s most important maritime routes [1].

Under the suggested system, vessels would pay reduced toll fees if they settle in Bitcoin. This strategy could encourage more ships to use the canal and support broader adoption of cryptocurrencies in economic operations. Mizrachi emphasized that the initiative could deliver long-term financial benefits to Panama by leveraging the growing global interest in digital assets [1].

Max Keiser, a well-known Bitcoin advocate and advisor to El Salvador’s President Nayib Bukele, has also backed the idea. He highlighted that the Panama Canal generates approximately $5 billion in annual revenue, and even a portion of those tolls settled in Bitcoin could significantly boost national cryptocurrency holdings. Keiser described the initiative as a way for Panama to build a “Strategic Bitcoin Reserve” through regular toll payments, positioning the country as a leader in integrating digital assets into traditional economic structures [1].

The Panama Canal, which has been in operation since 1914, is a critical link between the Atlantic and Pacific Oceans and facilitates around 13,000 to 14,000 ship crossings annually. The canal spans 82 kilometers and remains a cornerstone of global trade. If adopted, the Bitcoin toll discount would diversify payment methods and enhance Panama’s profile as a crypto-friendly nation [1].

Earlier this year, Panama City introduced regulations that allow for the voluntary use of cryptocurrencies in transactions, including licensing for virtual asset service providers. These policies aim to align with international financial standards while promoting a controlled and transparent environment for digital currencies [1].

The proposal aligns with Panama’s broader efforts to embrace cryptocurrency and blockchain technology. By integrating Bitcoin into toll payments, the country could further solidify its position as a hub for digital asset innovation. However, the final decision rests with the Panama Canal Authority, which will assess the feasibility and potential impact of the initiative [1].

Source: [1] Panama Canal May Offer Bitcoin Toll Discounts as Mayor Backs Proposal (https://blockonomi.com/panama-canal-may-offer-bitcoin-toll-discounts-as-mayor-backs-proposal/)