Bhutan Becomes First Country to Integrate Crypto Payments in Tourism

The Royal Government of Bhutan has taken a major step toward digital innovation in tourism by launching a cryptocurrency-based payment system through a strategic partnership with Binance Pay and DK Bank. This move makes Bhutan the first sovereign country to officially integrate crypto payments into its national tourism policy, offering global travellers a seamless, cashless experience while enhancing financial inclusion within the kingdom.

Why in News?

This initiative is currently making headlines as it marks a historic first in sovereign adoption of crypto payments for public tourism services. By allowing international visitors to pay using over 100 cryptocurrencies, Bhutan is setting a global precedent in the blockchain and travel sectors while also enhancing accessibility for rural vendors.

Key Features of the Crypto Tourism System

• Launched in May 2025 by Bhutan’s government in partnership with Binance Pay and DK Bank.

Enables Binance users to pay for,

• Flight tickets
• Hotel bookings
• Visa and Sustainable Development Fee (SDF)
• Monument entry
• Local shopping
• Payments accepted via QR codes (static & dynamic), eliminating the need for card terminals.

Aim and Objectives

• Promote cashless travel for global tourists.
• Encourage financial inclusion, especially in rural Bhutan.
• Reduce foreign exchange friction and transaction costs.
• Position Bhutan as a technological leader in sustainable and smart tourism.

Background and Static Facts

• Fiat currency: Bhutanese Ngultrum (BTN).
• Crypto auto-conversion: All crypto payments convert instantly to BTN to ensure stable payouts.
• Bhutan is already known for its crypto mining industry, holding 12,062 BTC worth approximately $1.17 billion.
• Over 100 businesses, including rural ones, have integrated with Binance Pay.

Significance of the Initiative

• Pioneers the use of cryptocurrencies in tourism at a national scale.
• Makes tourism in Bhutan more accessible, efficient, and tech-driven.
• Promotes Bhutan’s vision of innovation, inclusion, and economic diversification.
• Taps into the $3 trillion global crypto market.
• Binance CEO Richard Teng emphasized that the move sets a model for using technology to connect cultures.
• Damcho Rinzin, Director of Bhutan’s Department of Tourism, called it a symbol of the country’s commitment to digital convenience and innovation.