Known for its investments in cryptocurrencies like Bitcoin, Bhutan has launched a tourism crypto payment system in partnership with Binance Pay and DK Bank.
With this new system, Bhutan travellers with Binance accounts can now pay for services like tickets, hotel stays, tour guides and other products using at least 100 different crypto assets, including Bitcoin
BTC $97,039, USDC USDC $1.00 and Binance-backed BNB BNB$598.81.
According to an announcement by Binance on May 7, this initiative also gives a payment for businesses in Bhutan, by enabling acceptance of crypto payments through a QR code on a phone.
The initiative also opens a payment gateway for businesses in Bhutan, enabling them to accept crypto payments through a QR code on a phone, according to an announcement by Binance on May 7.
Advertisement
“This is more than a payment solution — it’s a commitment to innovation, inclusion, and convenience,” said Damcho Rinzin, director of Bhutan’s tourism department.
South Korea presidential front-runner pledges to approve Bitcoin ETFs
Lee Jae-myung, the South Korea’s Democratic Party leader has reportedly become the latest presidential candidate to promise the approval of spot crypto exchange-traded funds (ETFs) and other crypto-friendly measures, should he be elected.
On 6 May, as a part of a broader initiative to provide more investment opportunities for Korea’s youth, he announced his crypto promises, with the main target demographics for the fast-approaching June 3 election.
The Korea Economic Daily (KED) quoted Lee as saying in Korean, “I will create a safe investment environment so that young people can [build] assets and plan for the future.”
Advertisement
He also promised for the legalisation of spot crypto ETFs, lower transaction fees, and more consumer protection measures.
According to Cointelegraph, this is the first time Lee has mentioned crypto as part of his presidential campaign, KED noted.
The Democratic Party made similar promises in its 2024 general election campaign, including passing spot crypto ETF legalisation. However, progress stalled, KED said.
21Shares launches ETP for Crypto.com's Cronos token
An exchange traded product (ETP) has been launched by 21Shares in Europe, which provides the investors with exposure to Crypto.com’s Cronos token, the asset manager said.
21Shares said in a May 6 announcement, the ETP is listed on Euronext’s Paris and Amsterdam exchanges.
Cronos CRO $0.09196 is a layer-1 blockchain network affiliated with Crypto.com, a centralised exchange.
Advertisement
This chain is made with the aim to integrate with the Ethereum and Cosmos ecosystems and support “decentralised finance (DeFi), NFTs, and Web3 applications,” 21Shares said.
The ETP aims to provide investors with a “straightforward way to integrate CRO into their portfolios through traditional banks and brokers, eliminating the need to directly handle digital wallets or exchanges,” 21Shares said.
