Bhutan introduces crypto tourism ecosystem
Bhutan plans to become the first country to implement a crypto payment system for tourism on a national level.
It is partnering with Binance to enable fully cashless journeys in the Kingdom
In collaboration with Binance Pay and Bhutan’s fully digital DK Bank, the initiative will offer travellers using Binance Pay a secure and flexible end-to-end payment experience.
More than 100 merchants are already live with DK Bank and Binance Pay.
This model allows Binance Pay users to pay for nearly every part of their Bhutan journey using supported cryptocurrencies.
This includes airline tickets to Bhutan, tourist visa and Sustainable Development Fee (SDF), hotel bookings, tour guides, monument entry fees, local shopping, and more.
Purchases can be settled quickly and securely through static and dynamic QR code payments.
Importantly, it enables small vendors in remote areas to accept QR code payments.
The system will support more than 100 cryptocurrencies, including BNB, BTC and USDC
Transactions are immediate with real-time confirmations via the Binance app.
Richard Teng, CEO of Binance, said: “We are excited to partner with Bhutan as we are not only advancing the use of cryptocurrencies in travel but also setting a precedent for how technology can bridge cultures and economies.”
The partnership marks the first time a tourism product has accepted cryptocurrency at a national level.
It addresses common barriers to digital payments, such as high transaction fees and limited merchant acceptance.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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