Bhutan launches 100 crypto payments for tourism worth millions

Bhutan has introduced a national-level crypto payment system for tourism in partnership with Binance Pay and DK Bank, allowing travelers to pay for services using over 100 cryptocurrencies.

The system enables tourists with Binance accounts to use digital assets such as Bitcoin (CRYPTO:BTC), USDC (CRYPTO:USDC), and Binance’s BNB to pay for tickets, hotel stays, tour guides, and other tourism-related products.

According to a May 7 announcement from Binance, local businesses in Bhutan can accept crypto payments via a simple QR code on their phones, expanding payment access especially for small vendors and rural artisans.

“This is more than a payment solution - it’s a commitment to innovation, inclusion, and convenience,” said Damcho Rinzin, director of Bhutan’s tourism department.

The initiative aims to help remote businesses that previously lacked access to traditional payment infrastructure by connecting them to international travelers through crypto.

“No need to pack your wallet - hop on a journey of innovation and inclusion with just your Binance App,” Binance stated, highlighting that tourists will no longer need to carry local currency or cash.

Binance and Bhutan’s tourism department described the project as the “world’s first national-level crypto tourism payment system,” offering real-time transaction confirmations, near-zero fees, and local bank settlements.

Binance CEO Richard Teng said the system “sets a precedent for how technology can bridge cultures and economies” and “exemplifies our commitment to innovation and our belief in a future where digital finance empowers global connectivity and enriches travel experiences.”

This payment system aligns with Bhutan’s broader crypto strategy. The country has been mining and investing in Bitcoin since at least 2019 and is building a strategic crypto reserve.

Bhutan’s commercial arm, Druk Holding and Investments, reportedly holds over 12,000 BTC, with additional assets on Polygon, BNB Chain, and Base, according to Arkham data.

Despite growing crypto adoption, Bhutan’s central bank has issued warnings about investment risks, emphasising caution due to regulatory uncertainties.