#PanamaCanal Payments with cryptocurrencies could become widespread in Panama

Considering that Panama is a hub for business in the Americas, regulation could facilitate the rise of innovation. For example, if regulation is approved in the United States, firms from that country will have no problems establishing themselves in Panama. This includes exchanges and other global firms linked to crypto trading.

In this context, crypto payments in the Central American nation could enter an advanced phase of mass adoption. Another interesting aspect of the bill is that it explicitly names Bitcoin and Ethereum as valid assets for payment in exchange for goods and services.