Source link : https://asia-news.biz/asia/yemen/thailand-launches-pilot-program-allowing-tourists-to-convert-crypto-into-baht-for-easy-spending/
Thailand has launched a pioneering pilot program aimed at enabling tourists to convert cryptocurrency holdings directly into baht for everyday spending. The initiative, designed to streamline digital asset transactions within the country’s tourism sector, represents a significant step toward integrating cryptocurrencies into Thailand’s mainstream economy. By facilitating seamless crypto-to-fiat exchanges, the program seeks to attract tech-savvy travelers and boost local businesses, signaling Thailand’s growing commitment to embracing blockchain technology in its financial landscape.
Thailand Launches Pilot Program Allowing Tourists to Convert Cryptocurrency into Baht for Local Spending
In a groundbreaking move to boost tourism and embrace digital finance, Thailand has initiated a pilot program enabling international visitors to directly convert various cryptocurrencies into Thai baht. This initiative aims to simplify spending for crypto holders while promoting local businesses across popular tourist destinations. By collaborating with select exchange platforms and local merchants, the government ensures a seamless conversion process coupled with robust security measures to protect users’ assets.
Key features of the pilot program include:
- Support for major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT)
- Instant conversion rates linked to real-time market prices
- Partnerships with over 100 participating vendors including hotels,…
—-
Author : Charlotte Adams
Publish date : 2025-08-18 10:13:00
Copyright for syndicated content belongs to the linked Source.
—-
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8