In Bhutan, cryptocurrency is becoming integrated into daily life despite challenges with internet connectivity. During the Binance Crypto-Powered Tour, Cointelegraph observed how both tourists and locals have begun using crypto for various services, following Binance's introduction of crypto payment options in May. Almost 1,000 merchants have signed up to accept cryptocurrencies like Bitcoin. Local tour guide Kuenley Dorjee indicated that while many Bhutanese people are still learning about cryptocurrencies, there's a strong eagerness to adapt to digital services. Bhutan's proactive approach to crypto is supported by its monarch, King Jigme Khesar Namgyel Wangchuck, who has championed innovation and backed projects like hydro-powered Bitcoin mining. However, unstable internet connectivity poses a significant hurdle for crypto payments. Discussions have revealed frustrations with slow internet speeds, which can disrupt transactions. Recently, Starlink launched in Bhutan, offering the potential to enhance internet stability, a necessary factor for improving the crypto transaction experience.

Source šŸ”—