Mayor of Panama City: Caja de Ahorros, the second-largest bank, will launch a Bitcoin-based savings account
PANews reported on June 1 that according to News.bitcoin, Panama City Mayor Mayer Mizrachi announced a number of initiatives at the Bitcoin 2025 conference. Mayer Mizrachi revealed that Caja de Ahorros, Panama's second-largest bank, will launch Bitcoin-based savings accounts, allowing its customers to take advantage of these escrow services and streamline their Bitcoin experience.
Previously, the mayor of Panama City said that he intends to give priority to the navigation of ships paying canal fees in bitcoin and consider setting up a municipal bitcoin reserve.
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