In Bhutan, cryptocurrency is gaining traction as part of everyday life, particularly after Binance introduced crypto payments in the country. Tourists and locals are now using crypto for various transactions, including flights, hotels, and even street food. Approximately 1,000 merchants have signed up to accept crypto, as noted by DK Bank President Ugyen Gelchen. However, the transition faces challenges due to Bhutan's predominantly cash-based economy, and many citizens are still learning about crypto's implications. Internet connectivity remains a significant hurdle, with inconsistent WiFi speeds reported in major areas like Thimphu and Paro. This instability can disrupt crypto transactions, which depend on reliable internet access. Nonetheless, the launch of Starlink aims to mitigate these issues by providing higher internet speeds. Bhutan's progressive approach towards crypto, supported by King Jigme Khesar Namgyel Wangchuck, includes state-backed projects such as hydro-powered Bitcoin mining, indicating a forward-looking vision for digital finance in the country.

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