Bhutan launches the first national encryption travel payment system with Binance Pay – Cryptomode
Puttan has partnership with the leadership of Cryptocurrency Exchange Binance and DK Bank to launch what he calls the first integrated national tourism payment system in the world.
Starting this month, travelers can use Crypto to pay the price of almost all over their journey – from booking airline tickets and applying for visas to buy fruit in a kiosk on the side of the road, according to After Binance.
The new system provides payments in more than 100 encrypted currencies, including Bitcoin (BTC), Binance (BNB), and USD (USDC). It is the settlement of transactions in Botanies Ngultrum, Fiat currency in the country, through DK Bank, the first full digital bank.
According to publication, users will only scan QR codes using the Binance app to complete purchases, which goes beyond the need for cash, cards or currency exchange.
To date, more than 100 merchants have signed, covering a wide range of tourism sector: hotels, travel agencies, restaurants, handicraft sellers, and even rural stores in remote areas.
This step is part of a broader strategy to update Bhutan’s economy while maintaining its cultural safety and enhancing fair development.
“This is more than just a motivation solution – it is a commitment to innovation, inclusion and comfort.” Damesho Ranzin, director of the Tourism Department in Bhutan, said.
Officials say the goal is to provide a smooth travel experience with the help of small companies to reach global spending power without traditional banking infrastructure.
Potan’s growing adoption
This step is part of the Potan’s continuous adoption of the cryptocurrency. The Bitcoin Small Himalayas has accumulated over time through local mining operations since 2019, and believes that it is a strategic investment to generate revenues for its economy.
BTC Holdings in the Kingdom reached the highest level at every time of 13295 BTC in late 2024, and since then it has decreased steadily to the lowest level in 7486 BTC. Sometimes, the country has moved to sell coins on Binance.
Bhutan’s possessions have increased recently, based on Bitcointreasuries Data, to 12,062 bitcoin.
