10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

Bhutan partners with Binance Pay to launch…

  • Travel Weekly Group Ltd
  • 9 May 2025
  • 2 minute read
Total
0
Shares
0
0
0

This article was written by Travolution. Click here to read the original article

image

Bhutan is setting a new global standard in travel by becoming the first nation to implement a national-level crypto payment for tourism. 

This new system innovation will allow travellers with Binance accounts to enjoy a completely cashless journey through Bhutan. 

Developed in partnership with Binance Pay and Bhutan’s fully digital bank, DK Bank, the system offers a seamless, secure, and flexible end-to-end crypto payment experience. 

More than 100 merchants across the country, even those in remote areas, are now working with Binance Pay and DK Bank, enabling everything from booking flights to buying fresh fruit from roadside vendors to be paid for digitally, ensuring a seamless experience.

The partnership marks the first time a tourism product has accepted cryptocurrency at a national level. It addresses common barriers to digital payments, such as high transaction fees and limited merchant acceptance, by offering a low transaction fee with zero gas fees and prompt settlements. Real-time notifications further ensure transparency for both merchants and visitors.

Travellers using Binance Pay can now cover almost every aspect of their Bhutan experience with supported cryptocurrencies. 

This includes airline tickets, tourist visas, the Sustainable Development Fee (SDF), accommodation, tour guides, monument entry, local shopping, and more, all through static or dynamic QR code payments via over 100 cryptocurrencies, including BNB, BTC, and USDC.

What Lies Ahead for the Future of Hotel Property Management? Two Industry Experts Weigh In
Trending
What Lies Ahead for the Future of Hotel Property Management? Two Industry Experts Weigh In

Known as the “Kingdom of Happiness,” Bhutan champions Gross National Happiness (GNH) over GDP, placing sustainability, cultural preservation, and societal well-being at the heart of its development. 

The initiative is security assured with encrypted payments, 2FA, and real-time confirmations via the Binance app.

Richard Teng, CEO of Binance, said: “We are excited to partner with Bhutan as we not only advance the use of cryptocurrencies in travel but also set a precedent for how technology can bridge cultures and economies. 

“This initiative exemplifies our commitment to innovation and our belief in a future where digital finance empowers global connectivity and enriches travel experiences.”

“This is more than a payment solution – it’s a commitment to innovation, inclusion, and convenience. It enables a seamless experience for travellers and empowers even small vendors in remote villages to participate in the tourism economy.”

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Innovation

Innovation in Hotels Is about People, not Tech

  • Automatic
  • 3 July 2025
View Post
  • Innovation

Seamless by Design: Why Unified Hotel Tech is No Longer Optional

  • Automatic
  • 3 July 2025
View Post
  • Innovation

The Hotel PMS Blueprint for Guest-Centric Hospitality

  • Automatic
  • 3 July 2025
View Post
  • Innovation

NFC‑enabled music key cards

  • Automatic
  • 3 July 2025
View Post
  • Innovation

Accurate Content Is the First Amenity Guests Notice

  • Automatic
  • 3 July 2025
View Post
  • Innovation

The Next Wave in Hotel Revenue Management: AI, Data Integration, and Real-Time Insights

  • Automatic
  • 3 July 2025
View Post
  • Innovation

Triptease unveils smarter website personalization

  • Automatic
  • 3 July 2025
View Post
  • Innovation

Tripadvisor just turned its user reviews into a new brand

  • Automatic
  • 3 July 2025
Sponsored Posts
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers

    View Post
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ

    View Post
  • Day & Night: The Bold Rebranding Powering Shiji’s Presence in Global Hospitality Tech

    View Post
Last Posts
  • Camp Margaritaville Resort Crystal Beach Announces Residential Resort Community
    • 3 July 2025
  • JW Marriott and W Calgary Adding 405 Rooms Stampede Park
    • 3 July 2025
  • Marriott Adding 320-Key Autograph Collection Hotel IN Calgary
    • 3 July 2025
  • citizenM opens first-ever Irish hotel in Dublin
    • 3 July 2025
  • The Britannic Explorer, A Belmond Train Makes History As It Takes To The Rails
    • 3 July 2025
Sponsors
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ
  • Day & Night: The Bold Rebranding Powering Shiji’s Presence in Global Hospitality Tech
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.