{"id":128753,"date":"2025-05-07T09:17:48","date_gmt":"2025-05-07T09:17:48","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128753"},"modified":"2025-05-07T09:17:48","modified_gmt":"2025-05-07T09:17:48","slug":"bhutan-launches-tourism-crypto-payments-with-binance-pay-and-dk-bank","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128753","title":{"rendered":"Bhutan launches tourism crypto payments with Binance Pay and DK Bank"},"content":{"rendered":"

Source: Cointelegraph.com NewsBhutan, known for investments in cryptocurrencies like Bitcoin, has launched a tourism crypto payment system in partnership with Binance Pay and DK Bank.
\nThe system allows Bhutan travelers with Binance accounts to pay for services like tickets, hotel stays, tour guides and other products using at least 100 crypto assets, including Bitcoin (BTC), USDC (USDC) and Binance-backed BNB (BNB).
\nThe initiative also opens a new payment gateway for businesses in Bhutan, enabling them to accept crypto payments through a QR code on a phone, according to an announcement by Binance on May 7.
\n\u201cThis is more than a payment solution \u2014 it\u2019s a commitment to innovation, inclusion, and convenience,\u201d Damcho Rinzin, director of Bhutan\u2019s tourism department, said.
\nBenefits for small businesses in remote areas
\nThe partnership specifically targets small businesses in Bhutan, such as vendors and rural artisans who may have never had access to card terminals or payment infrastructure before.
\n\u201cEven Bhutan\u2019s most remote businesses can now accept crypto through a phone, gaining access to international travelers with just a QR code,\u201d the announcement states.
\nSource: BinanceBinance Pay said tourists will be able to pay for services without needing local currency or cash.
\nRelated: Crypto spending will grow, but fiat isn\u2019t going anywhere: Mercuryo CEO
\n\u201cNo need to pack your wallet \u2014 hop on a journey of innovation and inclusion with just your Binance App,\u201d Binance Pay said in a post on X.
\n\u201cWorld\u2019s first national-level crypto tourism payment system\u201d
\nBoth Binance Pay and Bhutan\u2019s tourism department referred to the initiative as the \u201cworld\u2019s first national-level crypto tourism payment system.\u201d
\n\u201cBhutan\u2019s model is the first to offer a fully integrated, end-to-end crypto payment system at the national level,\u201d Binance Pay\u2019s announcement states, adding:
\n\u201cIt also addresses previous limitations by offering real-time confirmations, near-zero fees, and a fully licensed local bank handling settlements on the ground.\u201d
\nBinance CEO Richard Teng emphasized that the crypto payment system not only advances crypto payments in travel but also \u201csets a precedent for how technology can bridge cultures and economies.\u201d
\nSource: Bhutan\u2019s tourism department\u201cThis initiative exemplifies our commitment to innovation and our belief in a future where digital finance empowers global connectivity and enriches travel experiences,\u201d Teng added.
\nBhutan holds multiple crypto assets
\nBhutan\u2019s launch of a crypto payments system aligns with its broader embrace of digital assets.
\nThe country has been working to set up a strategic crypto reserve as part of a new economic hub, while the government has been reportedly mining and investing in Bitcoin since at least 2019.
\nAccording to Arkham, Bhutan\u2019s commercial arm, Druk Holding and Investments (DHI), has added 374 Bitcoin in its stash since early January, increasing holdings to 12,062 BTC. Additionally, the entity holds modest amounts on chains like Polygon, BNB Chain and Base.
\nCrypto holdings of the Royal Government of Bhutan (DHI). Source: ArkhamWhile Bhutan has been increasingly friendly to crypto adoption in the past months, the regulation of cryptocurrencies like Bitcoin remains somewhat in a legal gray area.
\nIn 2020, Bhutan\u2019s central bank, the Royal Monetary Authority (RMA), issued a warning against the Pi cryptocurrency, urging the public to exercise caution in making investments in any crypto asset.
\n\u201cThe RMA would like to remind the general public to exercise due caution in making any investment in Pi or any other cryptocurrency as the implications, risks and use cases on the economy and financial systems are still to be ascertained,\u201d the authority wrote.
\nMagazine: Bitcoin to $1M \u2018by 2029,\u2019 CIA tips its hat to Bitcoin: Hodler\u2019s Digest, April 27 \u2013 May 3Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsBhutan, known for investments in cryptocurrencies like Bitcoin, has launched a tourism crypto payment system in partnership with Binance Pay and DK Bank. The system allows Bhutan travelers… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128753"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128753"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128753\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128753"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}