Published on May 14, 2025
Current Affairs
Bhutan
Bhutan

♦ Bhutan became the first country to launch a nationwide tourism payment infrastructure powered by cryptocurrency, marking a significant milestone in national-level blockchain adoption.

♦ The initiative is a collaboration between Binance Pay and Bhutan’s state-owned DK Bank, a subsidiary of Druk Holding & Investments.

♦ The new system allows international tourists to use cryptocurrencies—including Bitcoin (BTC), Ethereum (ETH), BNB, and select stablecoins—to pay for a wide range of tourism-related services.

♦ These include visa fees, air travel, accommodations, tour guides, and even purchases at local markets.

♦ All transactions are processed through the Binance Pay platform.