Bhutan Engages Binance Pay For The World’s Initial National Digital currency Tourism Payment System

Bhutan has emerged as the inaugural nation to launch a comprehensive national crypto asset payment system for tourism.

On May 7, 2025, Bhutan revealed its collaboration with Binance Pay – the payment division of the largest digital currency trading platform globally. In addition to Binance Pay, the Royal Government of Bhutan has teamed up with local DK Bank, which will facilitate the crypto transactions locally.

“Whether you’re arriving by air, settling into a hotel, or purchasing artisanal crafts in a village store, the complete travel experience in Bhutan can now be powered by crypto asset,” noted Binance. “This initiative not only streamlines travel logistics but also alleviates some of the most enduring challenges in international tourism, including steep transaction and currency exchange fees, and limited acceptance of foreign cards.”

Discover #Bhutan with the inaugural national crypto tourism payment system!

Enabled by Binance Pay and DK Bank, it provides effortless crypto payments for flights, accommodations, local crafts, and beyond.

More than 100 local vendors await you on this cashless journey. @tourismbhutan… pic.twitter.com/FUYVo4HYMe

— Binance (@binance) May 7, 2025

Social media users have praised the initiative. “The world is gradually transitioning toward widespread crypto acceptance — one nation after another,” commented X user Tom Tucker. Many recognized Bhutan’s action as a “game changer” for cryptocurrency, travel, and financial access. Crypto enthusiasts are particularly optimistic that this will transform travel into a more intelligent, simpler, and future-ready experience.

Moreover, this initiative is anticipated to empower local enterprises, even in isolated areas, to adopt digital solutions, showcasing how digital currency fosters inclusivity and innovation in practice.

Changpeng Zhao (CZ) himself took to X to celebrate the initiative. “Make payments in crypto with Binance in Bhutan!” he stated. 

Discover: Unveiling Bhutan’s $750M Bitcoin Holdings: Potential Implications for BTC and the Crypto Sector?

Bhutan’s Innovative BTC Approach

ARKHAM GOVERNMENT BTC HOLDINGS RANKING

1. United States – $12.16B
2. United Kingdom – $3.67B
3. Bhutan – $782.46M
4. El Salvador – $351.75M

Special Mention – Germany – ZERO (a decline from $3.56B) pic.twitter.com/hHo7v1QYgC

— Arkham (@arkham) September 19, 2024

Bhutan is now a notable figure in the cryptocurrency arena.

With over 13,000 Bitcoins identified on the blockchain analysis network Arkham Intelligence.

Valued at $750 million, Bhutan’s Bitcoin stock positions it among the most substantial governmental BTC holders. Unlike many countries where Bitcoin reserves are often the result of asset seizures by law enforcement, Bhutan’s accumulation is directly linked to its state-supported Bitcoin block rewards activities via Druk Holdings, the nation’s investment entity. As this development progresses, inquiries surface regarding how Bhutan’s digital currency strategy will influence Bitcoin and the wider crypto asset sector.

Arkham reports that Bhutan’s crypto mining operations are spread across various locations, with the largest mining facility established on the now-defunct Education City project.

DISCOVER: Top New Cryptocurrencies to Consider in 2025

 

 

 

 

 

The article Bhutan Partners with Binance Pay for the First National Crypto Tourism Payment System first appeared on 99Bitcoins.