According to Richard Teng, Bhutan is integrating Binance Pay into its economy to boost its high-value tourism sector, with over 1,000 merchants already onboarded to what Teng calls the "first national crypto payments system." This initiative aims to leverage Binance's user base, as crypto tourists reportedly spend nearly three times more than average visitors. From a trading perspective, Bhutan's recent transfer of 137.245 Bitcoin (BTC), worth approximately $14.77 million, to a Binance exchange wallet has raised concerns about potential selling pressure, according to data from Arkham Intelligence. This move, part of Bhutan's larger $1.28 billion BTC holdings, suggests that profit-taking by large state-level actors could be a key factor balancing the heavy corporate buying in the market and capping Bitcoin's price from reaching new all-time highs.

According to @_RichardTeng, Bhutan is integrating Binance Pay into its economy to attract high-value tourists, with a goal of bringing in 300,000 visitors annually. Binance CEO Richard Teng described the initiative, which has already onboarded over 1,000 merchants, as the "first national crypto payments system" and a move from speculation to infrastructure. For traders, a key development is the Royal Government of Bhutan's recent transfer of 137.245 Bitcoin (BTC), worth approximately $14.77 million, to a Binance exchange wallet, as reported by Arkham Intelligence. This transaction has fueled speculation about potential selling pressure on BTC, which could be a contributing factor to Bitcoin's inability to reach new all-time highs despite significant corporate buying. Bhutan's total crypto holdings are estimated at 11,924 BTC, valued at around $1.28 billion.

According to @lookonchain, Bhutan is integrating Binance Pay to establish a national cryptocurrency payments system aimed at boosting its high-value tourism sector. A tourism representative confirmed that Binance Pay addresses payment friction for international visitors, with tourists already using crypto for local purchases. Binance CEO Richard Teng described the initiative as the "first national crypto payments system," noting that crypto tourists spend nearly three times more than regular tourists, averaging $1,000 per visit, and merchants benefit from instant settlements. The system has already onboarded over 1,000 merchants who can leverage zero transaction fees. DK Bank, a key player in Bhutan's early bitcoin mining operations, is now spearheading this adoption drive, stating that crypto payments are a natural fit with the country's high mobile and QR payment penetration. This real-world adoption by a sovereign nation could serve as a model for others, potentially increasing the utility and value proposition of platforms like Binance and their associated digital assets.

According to @lookonchain, Bhutan is strategically integrating Binance Pay to enhance its tourism sector by targeting high-value crypto travelers. Officials report that over 1,000 merchants have adopted the platform, which solves payment issues for international visitors and offers zero fees with instant settlements. Binance CEO Richard Teng highlighted this as a move from speculation to infrastructure, noting that the average crypto tourist spends around $1,000, nearly triple that of a regular tourist. With local partners like DK Bank spearheading adoption, Bhutan is positioning cryptocurrency as a core industry for economic growth, providing a significant real-world use case for crypto payment systems and potentially boosting the utility of the broader Binance ecosystem.

According to @_RichardTeng, Bhutan is launching what the Binance CEO calls the 'first national crypto payments system' by integrating Binance Pay to attract high-value global travelers. A tourism representative stated that crypto tourists spend an average of $1,000, nearly three times that of regular tourists, and are already using crypto for local purchases. For traders, this real-world adoption case involves over 1,000 merchants who receive instant, zero-fee settlements, a significant advantage over traditional payment systems. DK Bank is spearheading on-the-ground adoption, while a representative from GMC confirmed that Bhutan now considers crypto a 'core industry,' signaling strong government support and a potential model for national crypto integration that could drive long-term value for the Binance ecosystem.

According to Richard Teng (@_RichardTeng), stablecoins have settled over $94 billion in global payments since January 2023, powering B2B and retail transactions across markets. Binance Pay now enables instant, free, and frictionless crypto payments, reducing transaction costs and settlement times for traders and businesses. This shift toward stablecoin adoption is expected to increase trading liquidity and expand market participation, particularly as instant settlement features attract more users to digital assets. Source: Richard Teng Twitter, Binance Blog.

According to Richard Teng, Binance Pay has integrated with Pix, Brazil’s leading payment system, enabling millions of users to make instant cryptocurrency payments in Brazilian Reais to anyone, anywhere. Pix processes over 5.6 billion transactions monthly, and this integration significantly expands crypto access and utility across Latin America. Traders should monitor increased transaction volumes and potential liquidity inflows to Binance, as this partnership could drive higher demand for major cryptocurrencies and stablecoins in the region (source: @_RichardTeng on Twitter, May 20, 2025; binance.com/en/blog/all/binance-pay-integrates-pix-brazil).

According to Zac_Pundi on Twitter, Binance Pay has expanded its crypto payment capabilities by partnering with PundiX, allowing global merchants to accept and settle digital assets seamlessly. The integration supports settlements across various Layer 1 and Layer 2 blockchains, including BNB Chain, making crypto spending more accessible and increasing transaction volume potential. This advancement is likely to drive adoption and liquidity for supported cryptocurrencies, while enhancing the utility of BNB and other major tokens in real-world transactions (source: Twitter/@Zac_Pundi, May 16, 2025).

According to Richard Teng on Twitter, Binance Pay has announced its first partnership allowing travelers to use cryptocurrency for all travel-related expenses, marking a significant step in crypto payment adoption. This move is expected to increase real-world utility for cryptocurrencies and may enhance trading volumes for supported coins, especially as travel-related transactions grow globally. For traders, this partnership signals potential upward momentum for Binance ecosystem tokens and wider crypto adoption in mainstream payment sectors. Source: Richard Teng Twitter, May 7, 2025.

According to Binance's official Twitter, Binance has announced a partnership with the Kyrgyzstan National Investment Agency to expand the country's digital asset ecosystem. The collaboration aims to enable crypto payments using Binance Pay and promote blockchain education through Binance Academy, as stated in their blog post (source: Binance Twitter, June 2024; binance.com/en/blog/adoption). Traders should monitor potential increases in crypto transaction volumes and adoption rates in Central Asia, as this partnership could drive higher usage of Binance Pay and related digital assets in the region.

According to AltcoinGordon, Circle's stablecoin USDC is now the default currency for all new Binance Pay users. This development is likely to increase USDC's transaction volume and integration within the Binance ecosystem, potentially impacting its liquidity and trading dynamics.

According to @_RichardTeng, Binance Pay experienced substantial growth in 2024 with its user base expanding to 41.7 million, a threefold increase year-over-year. The platform's transaction volume skyrocketed to $72.4 billion, up from $2.5 billion in 2021. USDT accounted for 80% of the total transaction volume, representing $57 billion. Notably, USDC transactions increased by 1338%, marking it as the fastest-growing asset on the platform. Additionally, SOL payments reached $724 million, reflecting a 656% year-over-year growth.