August 17, 2026 – Binance, the world’s largest cryptocurrency exchange by trading volume, today announced the strategic integration of Binance Pay with Bhutan’s DK Bank Domestic QR payment network. This collaboration enables local and international visitors to securely and seamlessly pay with cryptocurrencies at more than 3,700 merchants across Bhutan by simply scanning merchants’ existing DK Bank QR codes through the Binance app. Payments can be used for eligible purchases such as travel, lodging, dining, and retail where DK Bank Domestic QR code is accepted.
The expansion builds on the landmark collaboration launched in May 2025 between Binance Pay, Bhutan’s Department of Tourism, and DK Bank, to support crypto payments for tourism in Bhutan. By integrating with Bhutan’s DK Bank QR network, merchants can continue using their existing payment set up while enabling Binance Pay as an additional payment option. For local and international travelers, the integration expands crypto acceptance from an initial rollout of over 100 merchants to a broader nationwide merchant footprint via DK Bank’s QR network, helping make crypto payments more accessible and practical across more locations in Bhutan.
“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. Binance Pay has grown to more than 21 million merchants globally, processing over $321 billion in total transactions since 2021 — and our Binance Pay’s integration with local QR networks alone has moved $40 million in its first year, with monthly volumes up double digits month-over-month. Bhutan represents an important step in demonstrating how this model can be successfully adapted at a national scale, and it’s the blueprint we’re taking to the next wave of tourism-dependent markets,” said SB Seker, Head of APAC, Binance.
“We are proud to partner with Binance to bring cutting-edge crypto payment solutions to Bhutan’s merchants and visitors. Integrating Binance Pay with our domestic QR network allows us to enhance the payment experience while maintaining the trusted payment infrastructure already in place. This initiative supports Bhutan’s vision of embracing innovation and providing visitors with modern, seamless payment options,” said Ugyen Tenzin, Country CEO at DK Bank Bhutan and Gelephu Mindfulness City (GMC).
Bhutan’s rollout sits within a fast-growing global push to bring crypto into everyday, local-currency commerce. The global QR code payment market itself is projected to grow from $15.37 billion in 2025 to $18.49 billion in 2026, en route to over $81 billion by 2034, a scale that underlines the significance of interoperable models like the one Binance has now brought to Bhutan. Regional data also points to Asia as one of the fastest-growing markets for crypto payment adoption, reinforcing the timeliness of building this kind of infrastructure now.
How it works
Travelers can now effortlessly make payments by opening the Binance app, scanning the merchant’s DK Bank QR code, entering the amount in Bhutanese Ngultrum (BTN), and confirming the transaction. Payments are settled in USDT with automatic foreign exchange conversion.
As a special promotion through December 31, 2026, customers pay zero extra fees with a competitive exchange rate.
About Binance Pay
Binance Pay is a secure, seamless, and borderless payment feature on Binance. It enables users and merchants to pay with fiat or crypto, and send and receive cryptocurrencies worldwide, all without gas fees. Supporting more than 300 cryptocurrencies and accepted by over 21 million merchants globally, Binance Pay helps connect digital assets with everyday commerce. Since its launch in 2021, Binance Pay has processed more than $321 billion in transaction volume.
About Binance
Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 300 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means.
For more information, visit: https://www.binance.com
