Bhutan Embraces Crypto Payments Despite Internet Hurdles
2025-07-04 05:39:10
Main Idea
Bhutan is adopting cryptocurrency payments despite internet connectivity challenges, with Binance and DK Bank enabling crypto transactions and the country holding significant BTC reserves.
Key Points
1. Binance Pay and Bhutan’s DK Bank allow payments in Bitcoin (BTC), Binance Coin (BNB), Tether (USDT), and other cryptocurrencies, with around 1,000 local merchants accepting them.
2. Bhutan began mining BTC in 2019 and now holds over 12,000 BTC, with plans for a crypto reserve in the Gelephu Mindfulness City (GMC).
3. Internet connectivity remains a challenge, but Starlink’s arrival in Bhutan is expected to improve speeds to 100–200 Mbps, supporting crypto adoption.
4. Despite progress, local understanding of cryptocurrency is still in early stages, with many residents unfamiliar with its use.
5. Bhutan’s crypto initiatives align with King Jigme Khesar Namgyel Wangchuck’s vision for innovation and economic development.
Description
Cryptocurrency Gains Ground in the Kingdom of Bhutan In Bhutan’s misty Himalayas, cryptocurrency is infiltrating daily life in an unexpected manner. Amidst centuries-old monasteries in the background, digital money is being employed to buy meals, lodging, and even national fees. During a recent tour facilitated by Binance traveled to Thimphu and Paro to observe how deeply crypto has ingrained itself into the faraway kingdom. Binance and DK Bank Pioneer the Way Since May 7, Binance Pay and Bhutan...
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