$BTC Thailand has officially launched a nationwide crypto payment sandbox under the program “Tourist Digi Pay”, allowing international visitors to convert crypto into Thai baht for payments across the country.
Foreign tourists who wish to use this service must open accounts with crypto businesses licensed by the Bank of Thailand and the Securities and Exchange Commission (SEC). To mitigate financial risks, the system imposes measures such as monthly spending limits and restrictions on direct cash withdrawals.
This isn’t Thailand’s first step in using crypto to boost tourism. The country had previously piloted crypto payments in major tourist destinations like Phuket, while also recognizing USDT and USDC as legal cryptocurrencies.
The initiative is seen as the latest effort to revitalize Thailand’s struggling tourism industry, which has been hit hard by domestic political instability, driving many travelers toward destinations like Japan and Vietnam.
What’s your take – will Thailand’s nationwide crypto payment sandbox attract a wave of global crypto tourists, or will regulatory limits hold back its broader impact on the economy?
