Bhutan Launches First National Crypto Tourism Payment System with Binance Pay
Bhutan has launched a cryptocurrency payment platform for the tourism sector in partnership with Binance Pay and DK Bank. Key features include:
- Tourists can pay for goods and services using cryptocurrencies from their Binance accounts.
- The system supports over 100 cryptocurrencies, including Bitcoin and USDC.
- Merchants accept payments via QR code scanning on phones.
- Payments are settled instantly in local currency through DK Bank.
- Over 100 businesses have adopted this payment system.
This initiative aims to enhance global tourism by lowering cross-border transaction fees and enabling cashless transactions for small businesses without requiring investment in infrastructure. Bhutan ranks fourth globally in BTC holdings, with reserves acquired through mining.