rewrite this content using a minimum of 1000 words and keep HTML tags
Mayer Mizrachi, the mayor of Panama City, has suggested letting ships use Bitcoin
$104,567.34
as a way to move faster through the Panama Canal.
He shared the idea on May 29 during a panel at the Bitcoin 2025 conference in Las Vegas.
The session also featured El Salvador’s Bitcoin policy advisors, Max Keiser and Stacy Herbert, with Mike Peterson from Bitcoin Beach acting as the moderator.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is a DAO in Crypto? (Animated Explanation)
Mizrachi proposed that ships paying in Bitcoin could be allowed to jump ahead in the queue. He described it as a possible incentive that would encourage the use of cryptocurrencies while giving cargo operators a chance to save time.
The Panama Canal is one of the most important waterways in global trade. It connects the Atlantic and Pacific Oceans and allows vessels to avoid the much longer trip around South America.
Ships already pay different amounts based on their size, cargo type, and schedule preferences. Mizrachi’s proposal would add an extra option, paying in Bitcoin in exchange for faster access.
Along with the canal idea, Mizrachi has also proposed creating a Bitcoin reserve for Panama City. Since the capital city generates over half of the country’s economic activity, he argued that such a step could be taken without national approval.
He also urged lawmakers to avoid rushing into cryptocurrency regulation. Mizrachi said:
Don’t touch it, don’t get near it, don’t even look at it, let it operate, let it function.
Recently, Ross Ulbricht, who once faced a life sentence, spoke before a live audience at the conference. What did he talk about? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
