While the Indian subcontinent is gradually devolving and moving into a state of war, Bhutan, a small nation neighboring India, is all set to take some bold steps. Bhutan is looking to become the future of traveling by making crypto an available payment module.
This effort is a partnership between Binance and Bhutan’s digitally capable DK Bank. It will offer travelers the option to use the crypto landscape to make payments. Sources suggest that Bhutan is looking to make this an end-to-end process that handles booking flights, hotels, etc. Travelers can also use crypto to buy groceries if needed.
Key Points To Remember
If this follows through, this could change the face of the Bhutanese crypto ecosystem. This will gradually open the landscape for more robust and bold forms of crypto adoption. Here are some of the Key highlights:
- Seamless payment can be made to book flights, hotels, shopping, etc.
- Robust adoption of the ecosystem by travel agents, hotels, guides, retail, and more.
- Small to big vendors will have access to this payment method.
- Comprehensive support of upto 300 tokens.
- Secured 2FA and real-time transactions that do not discount security.
This partnership is revolutionary and can be a model for the future. Binance CEO Richard Teng stated, “Binance Pay is transforming the way people travel and transact. Our partnership with Bhutan is a milestone moment in creating borderless travel experiences powered by digital assets.”
On the other hand, we have Bhutanese Director of the Department of Tourism Damcho Rinzin stated, “This is more than a payment solution—it’s a commitment to innovation, inclusion and convenience… It enables a seamless experience for travelers and empowers even small vendors in remote villages to participate in the tourism economy.”
All in all, the move taken by the Bhutanese government could change history and improve crypto adoption.
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