Bhutan Launches First National Crypto Travel Payment System With Binance Pay – CryptoMode
Bhutan cooperated with the leading cryptocurrency exchange Binance and DK Bank to launch the so -called first -fully integrated national tourism payment system in the world.
Starting this month, travelers can use crypto to pay for almost every part of their journey -from booking plane tickets and applying for fruit purchase visas on a road, according to A Post from Binance.
The new system allows payments to more than 100 cryptocurrencies, including Bitcoin (BTC), Binance Coin (BNB), and USD Coin (USDC). It organizes transactions to the Bhutanese Ngultrum, the country's fiat currency, through the DK Bank, the first completely digital bank.
According to the Post, users only have the QR Code with the Binance app to complete purchases, by avoiding cash, card, or money exchange needs.
To date, more than 100 merchants have signed in, covering a broad spectrum of tourism sector: hotels, travel agencies, restaurants, handicraft vendors, and even rural shops in remote areas.
Moving is part of a broader approach to modernize Bhutan's economy while maintaining cultural integrity and promoting equal development.
“It's more than a payment solution – it's a commitment to change, integration, and comfort.” Damcho Rinzin, director of the Bhutan Tourism Department of Tourism, said.
The goal, officials say, is to offer an uninterrupted travel experience while helping small businesses access global spending without traditional banking infrastructure.
Bhutan's growing crypto adoption
The move is part of Bhutan's ongoing cryptocurrency. The small kingdom of Himalayan has accumulated Bitcoin over time through local mining operations since 2019, seeing it as a strategic investment to generate income for its economy.
The BTC's handling of the kingdom reached a full time high of 13,295 BTC in late 2024, and has since continued to refuse a 7,486 BTC low. The country has, occasionally, moved to sell coins in Binance.
Bhutan's handles have recently moved forward, based on Bitcointreasuries Data, at 12,062 Bitcoin.
