Bhutan Partners with Binance Pay to Pioneer Crypto Payments in Tourism Sector
In a groundbreaking move, Bhutan has teamed up with Binance Pay and DK Bank to launch a cryptocurrency payment system specifically designed for its tourism industry. This initiative represents the first national-level adoption of digital currencies for travel-related transactions, allowing tourists to use crypto for visas, accommodations, and local purchases. The collaboration underscores the growing institutional embrace of cryptocurrencies in emerging markets.
Bhutan Launches Crypto Payment System for Tourism in Partnership with Binance Pay
Bhutan has entered a landmark collaboration with Binance Pay and DK Bank to introduce a cryptocurrency payment system tailored for its tourism sector. The initiative marks the first national-level adoption of digital currency for travel-related transactions, enabling visitors to pay for visas, accommodations, and local goods using crypto.
The move signals accelerating institutional adoption in emerging markets, with Bhutan positioning itself as a pioneer in blockchain-based tourism infrastructure. No specific coins are named in the rollout, but the involvement of Binance Pay suggests potential integration with major exchange-supported tokens.
Changpeng Zhao Proposes 90% Reduction in Binance Smart Chain Gas Fees
Binance CEO Changpeng Zhao has sparked community discussion with a call to slash Binance Smart Chain gas fees by 90%. The proposed reduction would dramatically lower transaction costs for BSC users, who currently pay fees denominated in BNB.
Current gas fees stand at 1 Gwei ($0.017 for fast transactions), according to BscScan data. The move could significantly enhance BSC’s competitiveness against rival blockchains, particularly in decentralized finance applications where transaction costs are critical.
BNB, the native token powering the Binance ecosystem, would remain the currency for gas payments. market observers note the proposal comes as blockchain platforms increasingly compete on both performance and cost metrics.
XRP Nears Critical Technical Juncture as Analysts Watch Fibonacci Levels
XRP approaches a decisive technical crossroads as it tests key Fibonacci retracement levels, with market observers debating whether the token’s late-2024 rally will sustain or reverse. The digital asset currently trades at $2.0995 on Binance, hovering just above the 38.2% retracement level of $2.0775 drawn from its April swing high of $2.3622.
Independent analyst CasiTrades highlights the significance of this moment, noting XRP’s descent toward what may become its most consequential support test in weeks. The Fibonacci grid, anchored between April’s high and low points, identifies potential pivot zones at the 50% ($1.9896) and 61.8% retracement levels should downward pressure intensify.
Market momentum appears to be accelerating during this pullback, creating what technical traders often describe as a ’make-or-break’ scenario. The coming sessions will reveal whether XRP’s underlying strength can overcome current selling pressure or if deeper retracements loom.
Binance Founder Changpeng Zhao Seeks US Presidential Pardon
Binance founder Changpeng Zhao has confirmed through his legal team that a formal request for a US presidential pardon has been filed. The move comes weeks after Zhao publicly acknowledged he would not oppose such clemency, emphasizing his unique status as the only individual sentenced to prison for a single Bank Secrecy Act violation.
The development follows earlier denials from Zhao regarding alleged negotiations with the Trump family. Reports suggesting a quid pro quo arrangement involving Binance.US equity were dismissed as fabrications by the former CEO on social media platform X.
During a recent appearance on crypto podcast Rug Radio, Zhao revealed the pardon application was submitted approximately two weeks prior. He referenced precedents including BitMEX CEO Arthur Hayes’ successful clemency bid, while clarifying his own decision to pursue this legal avenue was made independently.
Polyhedra Network Airdrop on Binance Distributes 50 $ZKJ Tokens to Eligible Users
Binance Alpha community members are receiving free allocations of $ZKJ tokens through Polyhedra Network’s airdrop initiative. The surprise distribution has generated significant attention across cryptocurrency circles.
The 50 $ZKJ token grant serves as both a user acquisition strategy and liquidity boost for the emerging project. Such airdrops have become increasingly common as protocols compete for market share in the crowded layer-2 solutions space.
Is Binance India at Risk After CZ Statement on Operation Sindoor?
Changpeng Zhao, the former CEO of Binance, has drawn attention with a recent statement on X (formerly Twitter) amid escalating tensions between India and Pakistan following Operation Sindoor. The post, unrelated to cryptocurrency, has sparked speculation about potential repercussions for Binance’s operations in India.
Market observers are scrutinizing whether regulatory or geopolitical fallout could impact Binance’s standing in one of the world’s fastest-growing crypto markets. The exchange’s historical compliance challenges and CZ’s controversial exit amplify uncertainties.
