Bhutan Goes Full Crypto: Tourists Can Now Pay With Binance Pay & DK Bank

Bhutan’s tourism sector just plugged into the crypto economy—visitors can now settle bills using Binance Pay and local partner DK Bank. No more fumbling with currency exchanges or swallowing FX fees that’d make a hedge fund blush.

The Himalayan kingdom, already mining Bitcoin with hydro power, doubles down on digital assets as travel rebounds post-pandemic. A slick move for a country where GDP trails the market cap of most memecoins.

Watch for copycat adoptions across emerging markets. Just don’t expect Wall Street to notice—they’re still trying to mint NFTs of their stock certificates.

Benefits for Local Businesses

Binance believes that this new system will improve global tourism by reducing cross-border transaction fees and restricted usage of bank cards. With this payment system, local businesses are not expected to invest in an underlying infrastructure before they can accept cryptocurrencies from clients.

It also helps small businesses that may not have access to card terminals to accept payments through other means instead of solely cash.

Recently, Bhutan has consistently supported cryptocurrency. The country ranks fourth among countries with the largest BTC holdings globally, with 8,594 BTC in its reserves. Unlike other nations that have seized or purchased Bitcoin, Bhutan’s BTC reserves were acquired through mining.

Bhutan Introduces Crypto Tourism Payments via Binance Pay and DK Bank