Bhutan Unveils Groundbreaking Crypto Payment System for Travel
Bhutan’s Department of Tourism has introduced a new crypto payment system in collaboration with Binance Pay and DK Bank, aiming to modernize travel transactions and boost digital adoption in the country’s growing tourism sector. Binance announced that Bhutan travelers who hold Binance accounts can now use cryptocurrency to pay for a wide range of travel-related services. These include flight tickets, hotel accommodations, guided tours, and various other offerings. The platform will support payments in more than 100 digital assets, including Bitcoin (BTC), USD Coin (USDC), and Binance’s own BNB token. The crypto payment system enables businesses in Bhutan to accept crypto-based transactions through a QR code-based system, allowing seamless mobile transactions. This effort is particularly aimed at supporting small vendors and rural artisans who often lack access to traditional payment infrastructure such as card terminals. “This is more than a payment solution,” Damcho Rinzin, director of Bhutan’s tourism department stated. “It’s a commitment to innovation, inclusion, and convenience,” he added. “No need to pack your wallet — hop on a journey of innovation and inclusion with just your Binance App,” Binance wrote in a post on their official X account. 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 Bhutan’s tourism department and Binance are calling their joint initiative the “world’s first national-level crypto tourism payment system.” This groundbreaking venture is reportedly the first to provide a comprehensive, fully integrated crypto payment solution at a national scale. “It also addresses previous limitations by offering real-time confirmations, near-zero fees, and a fully licensed local bank handling settlements on the ground,” Binance wrote. Richard Teng, CEO of Binance, noted that the crypto payment system represents a significant step forward for cryptocurrency payments in the travel sector. He emphasized its potential to set a precedent for how technology can connect cultures and economies. “This initiative exemplifies our commitment to innovation and our belief in a future where digital finance empowers global connectivity and enriches travel experiences,” Teng stated. Bhutan has increasingly positioned itself at the forefront of digital finance, leveraging blockchain technology to support its economic development. The country has been actively building a strategic cryptocurrency reserve as part of its efforts to establish a new economic hub. Additionally, reports suggest that the government has been involved in Bitcoin mining and investment since at least 2019. Read More Judge Ships Binance Crypto Theft Case to Florida in Bid to Speed Things Up Bhutan Transfers $66.55M in Bitcoin to Binance Amid $72K Bull Run Bhutan Ranks as Fourth-Largest Bitcoin Holder Among Sovereign Nations Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions. Post Views: 64