Bhutan has introduced an initiative that allows tourists to pay for nearly every aspect of their visit using cryptocurrency.
The country has partnered with Binance Pay and DK Bank to create the world’s first national-level crypto tourism payment system, according to a Wednesday announcement.
This new system enables travelers with Binance accounts to use digital assets for payments ranging from airline tickets and visa fees to hotel stays, tours and even roadside fruit stalls.
Over 100 local merchants, onboarded by DK Bank and Binance Pay, are now part of the initiative. This means visitors can experience a cashless journey in one of the world’s most unique travel destinations. From checking into a hotel to purchasing handmade crafts, tourists can now rely on cryptocurrency to complete their transactions.
Tourists in Bhutan Can Now Pay with Crypto Using Binance’s QR Code System
Using the Binance app, travelers can make payments through dynamic or static QR codes, ensuring secure, real-time transactions. The system supports more than 100 cryptocurrencies, including BNB, BTC and USDC, and settles transactions instantly in the local currency via DK Bank.
By cutting out the need for traditional payment methods, the system offers an efficient way for tourists to pay for their travels in Bhutan.
This initiative helps solve persistent issues faced by international tourists, such as high transaction fees, currency exchange costs and limited acceptance of international cards.
Bhutan’s Partnership with Binance Pay Enables Remote Businesses to Accept Crypto
With the ability to settle transactions in local currency and no gas fees, the partnership between Binance Pay and DK Bank provides a convenient solution for modern-day travelers.
The new payment system also brings significant benefits to Bhutanese communities, particularly small vendors and rural artisans who previously lacked access to payment infrastructure.
Damcho Rinzin, director of Bhutan’s tourism department, said that the system is not just a payment solution but also a step toward innovation and inclusion.
Even remote businesses in Bhutan can now accept cryptocurrency payments through a simple phone. All they need is a QR code. As a result, Bhutan’s goals of sustainable development, equitable growth and cultural preservation are supported.
The project also represents a step forward for digital finance globally. Richard Teng, Binance CEO, pointed to the significance of this partnership, stating, “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.”
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