Binance Pay-Bhutan Partnership Powers First ‘National Crypto Tourism Payment System’
Highlights
- Bhutan becomes the first country to adopt a national crypto tourism payment system.
- Visitors can pay for everything using crypto, from flights to street market goods.
- Small local vendors in remote areas can now accept crypto through a mobile phone.
Bhutan, in partnership with Binance Pay and DK Bank, has rolled out the world’s first national-level crypto tourism payment system today. The Himalayan kingdom now lets travelers pay for nearly every aspect of their journey using crypto.
From flights to hotel stays and visa fees to roadside fruit, tourists can conveniently pay using their crypto wallets in Bhutan. The Binance Pay-Bhutan partnership now supports over 100 merchants across the country.
Travelers can scan QR codes using the Binance app to complete transactions in real time. Payments are accepted in 100+ cryptocurrencies, including BTC, BNB, and USDC. DK Bank settles each payment instantly in Bhutan’s local currency, making it seamless for merchants and tourists alike.
Crypto Brings Digital Access to Bhutan’s Remote Communities
More than just a convenience for tourists, the new crypto tourism payment system opens new doors for local vendors. Small businesses in remote villages without traditional card payment infrastructure can now accept crypto payments with just a phone.
Damcho Rinzin, Director at the Department of Tourism, called the Binance Pay Bhutan partnership “a commitment to innovation, inclusion, and convenience.” The system also eliminates cross-border payment friction, with zero gas fees and no reliance on international card networks.
Moreover, the model is likely to set a precedent for more such systems worldwide, potentially boosting the use case for cryptocurrencies.
Binance Pay and DK Bank Power a National-Scale Model
This crypto tourism payment system shows how crypto can move more than money, and it can connect cultures and economies. Binance CEO Richard Teng said the Binance Pay Bhutan partnership sets a global precedent for how crypto can improve the level of travel experiences.
DK Bank is Bhutan’s first fully digital bank, and it is fully licensed and ensures that settlements are handled locally. Together with Binance Pay, they have built a working Binance Pay Bhutan partnership that’s fully integrated and is already having a positive impact on the national tourism sector.
Meanwhile, as Binance expands its real-world crypto use cases in tourism, the investor confidence in its token also continues to grow. Standard Chartered now predicts BNB could more than double by 2025. This can be due to its ETF filings and AI integration activities as well.
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