Bhutan is leaning deeper into the digital economy, rolling out a nationwide crypto-based tourism payment system while quietly adjusting its sovereign Bitcoin (BTC) strategy.
In partnership with Binance Pay and DK Bank, the Himalayan kingdom has launched what it calls the world’s first national crypto payment platform explicitly tailored for tourists.
A First-of-Its-Kind Crypto Tourism System
The new system lets international travelers use cryptocurrency to pay for nearly every part of their trip, airfare, visas, hotel stays, local transport, food, and even souvenirs at village stalls.
All payments are made through the Binance app and settled in Bhutan’s local currency by DK Bank, the country’s first fully digital bank.
More than 100 merchants across Bhutan have joined the initiative, including vendors in remote regions who can now accept payments with just a QR code, no card readers or cash registers required.
“This is more than a payment solution – it’s a commitment to innovation, inclusion, and convenience,” said Damcho Rinzin, Director of Bhutan’s Department of Tourism.
The program aims to reduce friction for travelers, eliminate currency exchange hassles, and empower local businesses by plugging them into a modern, global payment network.
Richard Teng, CEO of Binance, said, “This initiative exemplifies our commitment to innovation and our belief in a future where digital finance empowers global connectivity and enriches travel experiences.
A Quiet Shift in Bitcoin Strategy
Alongside its move to modernize tourism, Bhutan also made headlines for reducing its sovereign Bitcoin holdings.
Druk Holding and Investments (DHI), Bhutan’s state-owned investment arm, sold 2,584 BTC, worth about $248 million, in recent weeks, lowering its reserves to 7,486 BTC.
That still puts Bhutan ahead of El Salvador and ranks it as the fourth-largest sovereign Bitcoin holder in the world.
The coins were moved from DHI’s wallets into unidentified addresses, suggesting a strategic repositioning.
While there’s been no official comment on the sale, Prime Minister Tshering Tobgay has previously hinted that proceeds from Bitcoin have helped fund public health programs and raise government wages.
Bhutan is also unique in that all of its Bitcoin was reportedly acquired through hydro-powered mining rather than public market purchases.
Source: https://www.ccn.com/
