Bhutan Integrates Crypto Payments to Boost Tourism by 300,000 Users Annually
The Kingdom of Bhutan is taking significant steps to modernize its economy by integrating cryptocurrency payments into its tourism infrastructure. This initiative aims to attract younger, tech-savvy travelers who are increasingly comfortable with digital currencies.
During a panel discussion as part of Binance’s Crypto-Powered Tour in Bhutan, Damcho Rinzin, the director of Bhutan’s Department of Tourism, highlighted the long-standing challenges faced by the country’s tourism sector due to its outdated payment infrastructure.
On May 7, Binance Pay partnered with local bank DK Bank to enable users to pay for their expenses in Bhutan using cryptocurrency. Ugyen Tenzin, the president of DK Bank, revealed that nearly 1,000…
