The government of Bhutan, the country with the fourth largest number of Bitcoins, continues to make new moves regarding BTC and cryptocurrencies.
At this point, the Bhutanese government has officially launched the world’s first national cryptocurrency tourism payment system together with Binance Pay and local digital bank DK Bank.
With this move, Bhutan has become the first country to allow crypto payments across its entire tourism ecosystem.
With this partnership, Binance Pay users are now supported to use cryptocurrency to pay for almost any item on any trip to Bhutan.
In an official statement made by Binance, it was stated that tourists can now make real-time cryptocurrency payments through the Binance app.
The system supports over 100 cryptocurrencies including Bitcoin (BTC), Binance Coin (BNB), and USDC, and instant payouts in local currency via DK Bank.
“Bhutan has become the first country to allow crypto payments across its entire tourism ecosystem, supported by Binance Pay and DK Bank. Visitors can now pay with crypto for flights, visas, accommodation, guides, and even street market items through a network of over 100 supported merchants.
“This initiative demonstrates how cryptocurrency can foster both inclusivity and innovation by helping small businesses in remote areas go digital.”
Bhutan had previously announced plans to include Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) in its strategic reserve assets.
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*This is not investment advice.