Bhutan Shocks by Paying Salaries, Welcoming Tourists with Bitcoin

Bhutan becomes the first country to pay and welcome tourists in Bitcoin, opening a new trend in international travel and payments.

Bhutan becomes first country to launch nationwide payments using government- backed cryptocurrency.

Visitors here can use Bitcoin to pay for visa fees, airfare, hotels and even entrance tickets to monuments.

More than 1,000 merchants in Bhutan have accepted cryptocurrencies just two months after launching Binance Pay.

The government also mines Bitcoin using hydroelectric power, which helps save costs and protect the environment.

In 2023, Bhutan sold $100 million in Bitcoin to increase civil servants' salaries by 50% to retain human resources.

The tourism industry hopes that cryptocurrencies will attract young travelers, digital nomads and high-tech travelers.

In Gelephu smart city, tokens will be strictly vetted to reduce financial risks.

If successful, Bhutan could become a model for a sustainable economy based on clean energy and technology.

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Source: https://khoahocdoisong.vn/bhutan-gay-soc-khi-tra-luong-don-khach-du-lich-bang-bitcoin-post1554719.html