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Bhutan Crypto Tourism Payments with Binance Pay and DK Bank

13 May 20251 min read
BANKING & FINANCEBhutan CryptoTourism Paymentswith Binance Payand DK Bank13 May 2025safalsetu.com

Why in the news

In May 2025, Bhutan rolled out a nationwide crypto payment option for visitors, said to be a world first, built with Binance Pay and DK Bank.

Key facts

  • Partners: Binance Pay and DK Bank, Bhutan’s first fully digital bank.
  • Coins: 100+, including BTC, BNB and USDC.
  • Mode: static and dynamic QR codes; no cards or cash.
  • Settlement: converted immediately to Ngultrum (BTN), so merchants get stable payouts.

Payable items

  • Flights, visas and SDF, hotels, monument entry, guides and shopping.

Inclusion

  • 100+ businesses, including rural vendors, can tap the $3 trillion crypto market.

Exam angle

  • Currency: Ngultrum (BTN); Binance Pay belongs to Binance Holdings Ltd.

Test yourself

1. Which bank handles the conversion of crypto payments into Ngultrum in Bhutan's tourism system?

DK Bank converts payments into BTN.

2. Bhutan's crypto tourism payment system was launched with which payment platform?

It was built with Binance Pay.

3. How do tourists complete payments in Bhutan's crypto tourism system?

It uses static and dynamic QR codes.

This topic is part of Daily Current Affairs 13 May 2025 (13 topics).

All topics of the dayDay quizMay 2025

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