In the neighboring countries of India, new development is being done daily regarding cryptocurrency adoptation. A big news in this episode has come from India’s friend Bhutan, who is going to start the world’s first crypto tourism payment system. For this, Bhutan has partnered with the world’s largest cryptocurrency exchange binance.
How will this crypto tourism cost device
Binance Pay and Bhutan’s DK Warehouse have come together to start this payment system. With the help of this new system, tourists will be able to pay the merchants of Bhutan in cryptocurrency with the help of Binance Pay. These include more than 100 airlines, hotels and local merchants. These payments will be set by DK Warehouse Local Currency NGULTRUM. In this way this payment is going to be completely cashless and cardless. Along with this, Bhutan will become the first country in the world to apply such a crypto payment system at the National Level.
What does this initiative of binance and bhutan mean to the world
Binance And this initiative started by Bhutan can emerge as a solution to an important problem in the global currency system. For example, if any person travels in another country, then he has to go through the process of currency exchange. But this system launched by Bhutan will allow the tourist to make payment without any physical currency exchange process. In such a situation, this step also keeps a potential to change the global currency system completely.
Bhutan emerging as a crypto friendly country
Bhutan is among the top five countries in the world in terms of Bitcoin holding. Along with this, Green Crypto Mining is also using Bhutan hydro power, which is a solution of pollution caused by crypto mining. At the same time, by giving permission of the crypto payment system at the national level, Bhutan has placed a solution of a big problem during the travel at the international level in front of the world. Along with this, the small countries of South Asia are continuously working to take advantage of the potential of Cryptocurrency, such as recently Maldives announced to create a crypto hub in Male Was.
Conclusion
This initiative of Bhutan shows that cryptocurrency can also be adopted by forming a balance between technology and environment. With the initiative to introduce the world’s first national level crypto tourism payment system, Bhutan has set a new benchmark in the field of digital innovation. This will not only benefit the tourism sector, but will also make the complications of the global currency exchange easier. At a time when many countries are showing strictness on Crypto, this step of Bhutan can become an inspiration for other countries how to adopt technology in a progressive and practical way.
