Have you ever thought that you could pay for your trip to an exotic country with cryptocurrency? This has become a reality in Bhutan. The country is not only known for its picturesque landscapes and unique culture, but has also taken a step into the future by becoming the first in the world to launch a cryptocurrency payment system for tourists at the national level.
What is the essence of this innovation? Bhutan has decided to join forces with Binance, the largest cryptocurrency exchange, and the country's first fully digital bank, DK Bank. Together, they have created a system that allows travelers to pay for everything from flights and visas to hotel stays and purchases from local merchants using cryptocurrency. And the most interesting thing is that this system works on the Binance Pay platform and supports more than 100 different cryptocurrencies.
In order to use the new system, tourists simply need to scan a static or dynamic QR code created by DK Bank. By the way, this bank has become a pioneer of digital financial services in Bhutan and has already connected more than 100 sellers, which means that you can pay with cryptocurrency almost everywhere — from cafes and shops to hotels and guides.
According to Richard Teng, CEO of Binance, this collaboration not only helps introduce cryptocurrency into the tourism sector, but also creates a new bridge between cultures and economies of different countries. Damcho Rinzin, Director of Bhutan's Department of Tourism, emphasizes that this is not just an innovative payment solution, but also an important step towards inclusivity and convenience for tourists from all over the world.
And here's the question: Do you think such a system will be able to become a standard for other countries in the future, or will it remain a unique feature of Bhutan?