{"id":25854,"date":"2025-05-08T17:17:05","date_gmt":"2025-05-08T17:17:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25854"},"modified":"2025-05-08T17:17:05","modified_gmt":"2025-05-08T17:17:05","slug":"bhutan-ropes-in-binance-pay-for-worlds-first-national-crypto-tourism-payment-system","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25854","title":{"rendered":"Bhutan Ropes In Binance Pay For World\u2019s First National Crypto Tourism Payment System"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">Bhutan has become the first country in the world to implement a fully integrated national cryptocurrency payment system for tourism.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On 7 May 2025, Bhutan announced the collaboration between its government and Binance Pay \u2013 the payment arm of the world\u2019s largest crypto exchange. Apart from Binance Pay, the Royal Government of Bhutan has also partnered with the local DK Bank, which will manage the crypto settlements on the ground.\u00a0<\/span><\/p>\n<p>\u201cWhether you\u2019re flying in, checking into a hotel, or picking up handmade crafts in a village shop, the entire Bhutan travel experience can now be powered by crypto,\u201d <a href=\"https:\/\/www.binance.com\/en\/blog\/payments\/one-wallet-one-journey-bhutan-and-binance-pay-launch-worlds-first-national-tourism-payment-system-5232649784122488038?hl=en&amp;ref=AZTKZ9XS&amp;utm_source=BinanceTwitter&amp;utm_medium=GlobalSocial&amp;utm_campaign=GlobalSocial\" target=\"_blank\" rel=\"nofollow\">said Binance<\/a>. \u201cThis approach not only simplifies travel logistics but also removes some of the most persistent pain points in cross-border tourism, such as high transaction and currency exchange fees, and limited acceptance of international cards.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Experience <a href=\"https:\/\/twitter.com\/hashtag\/Bhutan?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Bhutan<\/a> with the world\u2019s first national crypto tourism payment system! <\/p>\n<p>Powered by Binance Pay and DK Bank, it offers seamless crypto payments for flights, hotels, local crafts, and much more. <\/p>\n<p>Over 100 local merchants await on this cashless adventure. <a href=\"https:\/\/twitter.com\/tourismbhutan?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@tourismbhutan<\/a>\u2026 <a href=\"https:\/\/t.co\/FUYVo4HYMe\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/FUYVo4HYMe<\/a><\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1919965419492016284?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 7, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Netizens have lauded the move. \u201cThe world is steadily moving toward mass crypto adoption \u2014 one country at a time,\u201d <a href=\"https:\/\/twitter.com\/WhatzTheTicker\/status\/1920173640319934862\" target=\"_blank\" rel=\"nofollow\">said<\/a> X user Tom Tucker. Many hailed the move by Bhutan as a \u201cgame changer\u201d for crypto, travel and financial inclusion. Crypto users specifically are hoping this would make travel smarter, easier and future-ready.<\/p>\n<p>Furthermore, the move is expected to empower local businesses, even in remote villages, to go digital, a real-world example of how crypto fuels inclusion and innovation.<\/p>\n<p>Changpeng Zhao (CZ) himself took to X to celebrate the move. \u201c<span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3\">Pay in crypto with Binance <\/span><span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3\">in Bhutan<\/span><span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3\">!\u201d he said.\u00a0<\/span><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/bhutans-750m-bitcoin-holdings-revealed-how-will-this-strategic-move-impact-bitcoin-and-the-crypto-industry\/\">Bhutan\u2019s $750M Bitcoin Holdings Revealed: How Will This Strategic Move Impact Bitcoin and the Crypto Industry?<\/a><\/strong><\/p>\n<h2>Bhutan And Its Unique Bitcoin Strategy<\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">ARKHAM GOVERNMENT BITCOIN HOLDINGS LEADERBOARD<\/p>\n<p>1. United States \u2013 $12.16B<br \/>2. United Kingdom \u2013 $3.67B<br \/>3. Bhutan \u2013 $782.46M<br \/>4. El Salvador \u2013 $351.75M<\/p>\n<p>Honorable Mention \u2013 Germany \u2013 ZERO (down from $3.56B) <a href=\"https:\/\/t.co\/hHo7v1QYgC\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/hHo7v1QYgC<\/a><\/p>\n<p>\u2014 Arkham (@arkham) <a href=\"https:\/\/twitter.com\/arkham\/status\/1836733514252980564?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 19, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bhutan has emerged as a significant player in the cryptocurrency world.<\/p>\n<p>With over 13,000 Bitcoins now identified on the blockchain analysis platform Arkham Intelligence.<\/p>\n<p>Valued at $750 million, Bhutan\u2019s Bitcoin reserves place it among the largest governmental Bitcoin holders. Unlike most countries, where Bitcoin holdings often result from law enforcement asset seizures, Bhutan\u2019s accumulation stems directly from its state-backed Bitcoin mining operations through Druk Holdings, the country\u2019s investment arm. As this development unfolds, questions arise about how Bhutan\u2019s crypto strategy will impact Bitcoin and the broader cryptocurrency industry.<\/p>\n<p>According to Arkham, Bhutan\u2019s mining facilities are located in various locations, with the largest mining site built on the now-defunct Education City project.<\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Tourism generates a major chunk of revenue for Bhutan, and the country is now looking to make it more economical for visitors and travellers.<\/li>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Notably, no digital assets are currently recognised as a legal tender in Bhutan.<\/li>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bhutan-ropes-in-binance-pay-for-worlds-first-national-crypto-tourism-payment-system\/\">Bhutan Ropes In Binance Pay For World\u2019s First National Crypto Tourism Payment System<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bhutan has become the first country in the world to implement a fully integrated national cryptocurrency payment system for tourism. On 7 May 2025, Bhutan announced the collaboration between its government and Binance Pay \u2013 the payment arm of the world\u2019s largest crypto exchange. Apart from Binance Pay, the Royal Government of Bhutan has also [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25854","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25854"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25854\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}