Bhutan Teams Up with Binance Pay to Revolutionize Tourism with Crypto Payments!

Updated

May 8, 2025

Gambar Bhutan Teams Up with Binance Pay to Revolutionize Tourism with Crypto Payments!

Jakarta, Pintu News – The Himalayan kingdom of Bhutan has partnered with Binance Pay and DK Bank to launch the world’s first national tourism crypto payment system. The system allows tourists to pay for almost all their travel needs using cryptocurrencies.

With more than 100 merchants involved, the system promises to make transactions easy and fast for travelers. This initiative not only makes it easier for travelers but also opens up new opportunities for local merchants in remote areas.

Tourism Payment Transformation

Experience #Bhutan with the world’s first national crypto tourism payment system!

Powered by Binance Pay and DK Bank, it offers seamless crypto payments for flights, hotels, local crafts, and much more.

Over 100 local merchants await on this cashless adventure. @tourismbhutan… pic.twitter.com/FUYVo4HYMe
— Binance (@binance) May 7, 2025

The new payment system allows transactions using more than 100 types of cryptocurrencies, including Bitcoin , Binance Coin , and USD Coin . Travelers can simply scan the QR code through the Binance app to make real-time payments.

DK Bank, as Bhutan’s first digital bank, is responsible for settling payments in the local currency, ngultrum, which facilitates interaction between merchants and tourists. The system is designed to reduce reliance on international card networks and eliminate cross-border transaction fees.

With zero gas fees and an integrated process, the system offers an efficient and economical payment solution. It not only enhances the travel experience but also supports financial inclusion for merchants in remote areas who previously did not have access to card payment infrastructure.

This initiative supports Bhutan’s Gross National Happiness values, emphasizing sustainable and inclusive development.

This crypto payment system is designed to respect and complement traditional practices without displacing the local economy. This shows how the Bhutanese government is adopting crypto with a strong social framework, avoiding the speculation issues that often occur in other countries.

Additionally, the system empowers rural communities by allowing small merchants who don’t have card payment options to accept crypto payments.

Using only a smartphone and the Binance Pay app, they can accept payments from international travelers, opening up new markets and increasing transparency in trade. This is a step forward in utilizing blockchain technology for tangible benefits without adding complexity for users.

Potential for Wider Adoption of Digital Finance

changpeng zhao pakistan — Source: The Block

Bhutan’s model has received strong support from global crypto figures such as Changpeng Zhao, who highlighted the initiative on his social platforms.

The success of the system will depend on real conditions and traveler demand, but this endorsement provides significant credibility. Observations from the user experience will help in further development and perhaps inspire other countries to adopt similar digital finance.

The cooperation between Binance Pay and DK Bank shows how global tools can be integrated with local banking systems to create scalable and stable solutions. It sets a model for future cooperation that might guide digital finance policy and encourage the orderly and stable adoption of crypto around the world.

With the launch of the crypto payment system for tourism, Bhutan has not only strengthened its position as a leader in digital innovation but also set a new standard in crypto payments at the national level.

This initiative promises to change the way we think about payments, tourism and financial inclusion in the digital age.

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