Binance said on Monday it had hooked Binance Pay into DK Bank’s domestic QR network in Bhutan. More than 3,700 merchants can take a scan of the code they already display. The customer enters Bhutanese ngultrum. Settlement is USDT.
This is a rail hook-up. It is not a new bitcoin buy and not a merchant hardware swap.
Existing codes. USDT on the back.
Open the Binance app, scan a DK Bank Domestic QR code, enter the amount in BTN, confirm. Automatic FX converts and settles in Tether. Travel, lodging, dining, and retail are the eligible uses where that code is accepted.
The May 2025 tourism rollout with Bhutan’s Department of Tourism and DK Bank started at more than 100 merchants. Monday’s print is the same rail, nationwide.
| Term |
Print |
| Announced |
Monday, 17 August 2026 |
| Merchants |
more than 3,700 on DK Bank Domestic QR |
| Prior tourism pilot |
more than 100 merchants, May 2025 |
| Customer input |
BTN |
| Settlement |
USDT, automatic conversion |
| Promo |
no extra fees, through 31 December 2026 |
The announcement does not name the conversion-rate provider or the spread.
One official each side
SB Seker, Binance’s head of Asia-Pacific, said the hook-up “shows what real-world crypto adoption looks like when it’s built on infrastructure people already trust.” Ugyen Tenzin, DK Bank’s country CEO for Bhutan and Gelephu Mindfulness City, said the bank can add crypto “while maintaining the trusted payment infrastructure already in place.”
Seker also put the global book at more than 21 million merchants and said local-QR integrations moved $40 million in their first year. Those are Binance figures from the same release. They are the backdrop, not this note.
The next dated item is the fee promo’s close on 31 December. After that, the announcement does not print a new merchant target.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
