Bhutan embraces crypto payments to modernize tourism sector

The Kingdom of Bhutan is embracing cryptocurrency payments to modernize its tourism sector and attract tech-savvy travelers. Binance Pay partnered with DK Bank to enable crypto payments at almost 1,000 merchants nationwide. Feedback from tourists described traditional bank transfers in Bhutan as outdated, highlighting the need for a more efficient payment system. Integrating crypto aligns with Bhutan’s vision for sustainable and mindful tourism, aiming to attract 300,000 users annually and boost the local economy.

Accepting crypto payments in Bhutan sends a welcoming message and appeals to a different kind of tourist. By aligning with the kingdom’s evolving identity, the move towards crypto payments opens up Bhutan to a new category of travelers. Crypto integration is seen as part of a broader vision for projects like the Gelephu Mindfulness City, highlighting the potential impact on tourism and the economy.

Despite efforts to promote crypto payments, adoption in Bhutan remains a work in progress. Some local merchants have yet to see many customers using the payment option, while a local tour guide recommends a combination of crypto, cash, and credit cards for visitors. The Department of Tourism’s push for crypto integration reflects a broader strategy to modernize the economy and attract travelers to Bhutan.

Read more at Cointelegraph: Bhutan Embraces Crypto Payments to Attract Modern Tourists