While many countries are still struggling with cryptocurrency regulations, Bhutan – a small country in the Himalayas – has taken a step forward by officially integrating Binance Pay into the national tourism ecosystem. This move marks an important turning point in the strategy to turn crypto into a national economic driver.
✅ Travelers can now pay with crypto in Bhutan.
With the collaboration between Binance Pay and local bank DK Bank, over 100 cryptocurrencies (including $BTC, $BNB, $USDC) have been accepted for:
Pay for flight tickets, visa fees.
Pay for hotels, tour guides, and entrance tickets to attractions.
And even... eat street food.
All transactions are converted to the local currency (Ngultrum - BTN) through DK Bank, making it convenient for travelers; sellers do not need complex technology – just a smartphone and a QR code.
✅ Why#Bhutan can this be done?
Bhutan is not a newcomer in the crypto industry. This country:
Holds the fifth-largest Bitcoin reserves in the world, surpassing even El Salvador, according to data from Arkham Intelligence.
Utilize renewable energy and a cold climate to promote the Bitcoin mining industry – once used Bitcoin to pay salaries for teachers and government staff.
A special administrative region in Bhutan has announced it will include Bitcoin, Ethereum, and BNB in its strategic reserves.
The implementation of crypto in the tourism industry is the next step in the economic diversification plan, reducing dependence on agriculture and handicrafts, with the goal of making tourism account for up to 20% of national GDP.
✅ Opportunities for Binance and the global crypto market.
The #BinancePay becoming the official payment infrastructure in a sovereign country not only helps expand the use of crypto in real life but also:
Increase Binance's credibility in practical applications.
Strengthen the position of crypto as a global payment method.
Open a template model for countries looking to leverage blockchain to boost tourism, the digital economy, and decentralized finance.
✅ What can Binance users learn from Bhutan?
If a small country like Bhutan can leverage crypto to change its economy, individual users and businesses can absolutely utilize Binance Pay for payments, receipts, and cross-border business expansion.
🔗 You can create a Binance account today to use Binance Pay:
https://accounts.binance.com/register?ref=21980320
🔔 Crypto is a potential market but very volatile. All investment and usage activities need careful consideration. Equip yourself with solid knowledge before participating.