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Fiat currency · PAB

Panamanian Balboa on U.CASH

Panama is dollarized: the balboa exists as coins at exactly one-to-one with the US dollar while American banknotes do all the paper work. There is no FX question in a Panamanian checkout, which is why the country runs one of the most dollar-fluent economies in the Americas.

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Rails settle it at checkout; pegged tokens settle it on-chain. Both live on the same non-custodial U.CASH checkout.

Panamanian Balboa at a glance

Code
PAB
Symbol
B/.
Local rail
None in the set
Pegged tokens
0

Rails that settle PAB

Balboa-priced checkouts (which settle in dollars by definition) can offer SWIFT for bank transfers and cards through your own Stripe or Verifone account.

SWIFT

International. Manual rail, no processor account.

The SWIFT rail →

Stripe

Worldwide. Card processing via your own account.

The Stripe rail →

Verifone (2Checkout)

Worldwide. Card processing via your own account.

The Verifone (2Checkout) rail →

Pegged tokens on U.CASH

No balboa stablecoin trades on U.CASH, and none is needed: the dollar stablecoins (USDT, USDC, and eight more) are the native on-chain asset for a dollarized economy.

No PAB-pegged token trades on U.CASH today. Card rails and the crypto assets cover checkout settlement.

Where it settles

Countries served by the Panamanian Balboa rails on U.CASH.

Panama

Panamanian Balboa: FAQ

Can I accept payments in Panama?
Yes: Panama settles in US dollars by law, so cards through your own processor and SWIFT cover it, and the dollar stablecoins are the on-chain equivalent.
Why does Panama use the dollar?
A 1904 currency agreement and a century of stability made it stick: balboa coins and dollar notes circulate together at one-to-one, and the economy prices accordingly.
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PAB, rails and chains

Bank rails for the checkout, pegged tokens for on-chain settlement, one non-custodial platform.

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