Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Panama Considers Accepting Bitcoin for Canal Fees—Demand Surge Expected

Source Tradingkey

TradingKey – Panama is exploring the use of Bitcoin for canal transit payments, with potential plans to establish a strategic BTC reserve.

According to Coindesk (May 30), Panama is considering allowing vessels to pay transit fees through the Panama Canal using Bitcoin (BTC).

Panama City Mayor Mayer Mizrachi stated that enabling BTC payments could help reduce wait times for ships passing through the canal.

Previously, Panama passed a law permitting BTC payments for various fees, including taxes, parking fines, licenses and other charges.

The Panama Canal is one of the world’s most crucial maritime trade routes, connecting the Pacific and Atlantic Oceans, with over 10,000 vessels transiting annually. Integrating BTC payments could enhance Bitcoin’s role in global commerce, encouraging its adoption in shipping, trade, and logistics.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold is on track for 2% weekly loss Gold lost more ground on Friday, putting the precious metal on course for its sharpest weekly slide in almost two months.

Author Cryptopolitan

Yesterday 09: 57

Gold lost more ground on Friday, putting the precious metal on course for its sharpest weekly slide in almost two months.

Bitcoin Profit Taking Explodes: 12x More Gains Than Losses Hitting Exchanges On-chain data shows the ratio between the Bitcoin profit and loss being sent to exchanges is approaching euphoric bull market levels.

Author Bitcoinist

Yesterday 09: 57

On-chain data shows the ratio between the Bitcoin profit and loss being sent to exchanges is approaching euphoric bull market levels.

ADA and AVAX share bearish outlooks after the SEC delays ETFs Cardano (ADA) and Avalanche (AVAX) are down 5% to 8% in the last 24 hours, respectively, at press time on Friday, in the aftermath of the US Securities and Exchange Commission (SEC) delaying the decission over the Cardano and Avalanche Exchange Traded Funds (ETFs) filings on Wednesday.

Author FXStreet

Yesterday 09: 14

Cardano (ADA) and Avalanche (AVAX) are down 5% to 8% in the last 24 hours, respectively, at press time on Friday, in the aftermath of the US Securities and Exchange Commission (SEC) delaying the decission over the Cardano and Avalanche Exchange Traded Funds (ETFs) filings on Wednesday.

Tariff Uncertainty Rises Again, Stocks Slide Asian stocks were mostly lower on Friday as global tariffs faced uncertainty again.

Author Insights

Yesterday 08: 50

Asian stocks were mostly lower on Friday as global tariffs faced uncertainty again.

Pound Sterling corrects against US Dollar after US court reinstates Trump tariffs The Pound Sterling (GBP) drops to near 1.3475 against the US Dollar (USD) in Friday’s European trading session.

Author FXStreet

Yesterday 08: 44

The Pound Sterling (GBP) drops to near 1.3475 against the US Dollar (USD) in Friday’s European trading session.

Popular Symbols