Bhutan is modernizing its tourism sector by accepting cryptocurrency payments, aiming to attract younger, tech-savvy travelers. This initiative addresses the outdated payment infrastructure affecting tourism.
On May 7, Binance collaborated with DK Bank to allow payments in crypto, onboarding about 1,000 merchants nationwide to facilitate the transition.
The Bhutanese government hopes to welcome 300,000 crypto-savvy tourists annually, benefiting from lower fees and faster transactions compared to traditional banking.
Leave a Reply