Crypto▲ Bullish
Binance Pay Reaches 3,700 Bhutan Merchants via DK Bank QR Link
Binance Pay connects with Bhutan's DK Bank QR network, letting travelers pay at 3,700+ merchants. Settlements use USDT via auto FX conversion. Promotional zero-fee period through Dec. 31.
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Binance Pay has connected with DK Bank's domestic QR network, letting travelers and local customers pay with crypto at more than 3,700 businesses across Bhutan. Transactions settle in USDT through automatic foreign exchange conversion, with the buyer entering the amount in Bhutanese ngultrum (BTN) before the app handles the rest.
Binance announced the integration Aug. 17. The rollout follows an initial tourism payment pilot that started with over 100 merchants in May 2025. SB Seker, head of Asia-Pacific at Binance, described the integration as a model for other tourism-driven markets.
"Integrating Binance Pay with Bhutan's domestic QR network shows what real-world crypto adoption looks like when it's built on infrastructure people already trust," Seker said.
The Bhutan connection extends Binance's broader push into local QR networks. That program had processed $40 million in its first year, and the company said in May it planned to bring the model to at least 10 countries by the third quarter of 2026. The idea is to link crypto balances with payment rails merchants already use, rather than deploying separate hardware.
Customers complete purchases by opening the Binance app, scanning the merchant's existing DK Bank QR code, entering the amount in BTN, and confirming the transaction. The conversion and settlement in Tether's USDT stablecoin happen behind the scenes. The USDT peg targets the U.S. dollar, which gives a consistent settlement base after buyers enter local-currency prices. The announcement did not name the conversion rate provider or detail how spreads would be calculated.