{"id":34308,"date":"2025-06-30T06:16:54","date_gmt":"2025-06-30T06:16:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34308"},"modified":"2025-06-30T06:16:54","modified_gmt":"2025-06-30T06:16:54","slug":"bhutan-bets-on-binance-pay-to-power-crypto-backed-tourism-economy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34308","title":{"rendered":"Bhutan Bets on Binance Pay to Power Crypto-Backed Tourism Economy"},"content":{"rendered":"
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Bhutan is going full tilt on crypto \u2014 not just to modernize its financial rails, but to attract high-value global travelers and build a digitally resilient economy.<\/p>\n

At the Digital Bhutan panel, co-hosted by Binance, officials laid out a clear vision: bring crypto out of theory and into everyday life.<\/p>\n

\u201cTourists complain they can\u2019t use SWIFT or pay easily. Binance Pay fixes that,\u201d said Damcho Rinzin, director of the department of tourism. Rinzin added that travelers are already using crypto to buy local goods \u2014 in one case, even groceries to cook their own meals.<\/p>\n

Bhutan\u2019s ambitions remain modest, just 300,000 visitors a year. But it wants them to stay longer and spend more \u2014 with Binance Pay\u2019s 40 million plus user base as a lever. Binance CEO Richard Teng framed it as a shift from speculation to infrastructure.<\/p>\n

\u201cThis is the first national crypto payments system,\u201d Teng said. \u201cThe average crypto tourist spends $1,000 \u2014 nearly three times a regular tourist \u2014 and merchants receive instant settlements,\u201d he added.<\/p>\n

With over 1,000 merchants onboarded, and zero fees on Binance Pay compared to steep charges from other providers, Bhutan hopes to build a community-driven, tech-savvy ecosystem that aligns with its values. DK Bank, which played a pioneering role in Bhutan\u2019s early bitcoin mining efforts, is now spearheading crypto adoption on the ground. <\/p>\n

\u201cMobile and QR payments are already high,\u201d said the bank\u2019s CEO, Ugyen Tenzin said. \u201cCrypto just fits,” he added.<\/p>\n

“And this is just the start,” said Hobeng Lim, managing director of finance at Gelephu Mindfulness City. Gelephu Mindfulness City<\/a> is a planned city in the country which merges technology, like blockchain, with culture, and sustainability., <\/p>\n

Lim added that they are many more blockchain-native projects in the pipeline, with digital assets formally recognized as a future growth engine. <\/p>\n

\u201cCrypto is not a side experiment, It\u2019s a core industry,\u201d Lim said.<\/p>\n

Read more: Bhutan’s Crypto Reserve Could Pave Way for Economic Growth in Other Countries<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bhutan is going full tilt on crypto \u2014 not just to modernize its financial rails, but to attract high-value global travelers and build a digitally resilient economy. At the Digital Bhutan panel, co-hosted by Binance, officials laid out a clear vision: bring crypto out of theory and into everyday life. \u201cTourists complain they can\u2019t use […]<\/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-34308","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\/34308","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=34308"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34308\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}