📢 Thailand is launching an 18-month pilot program called TouristDigiPay, allowing foreign visitors to convert cryptocurrencies into Thai baht for local spending. This initiative aims to revitalize the country's tourism industry, which has seen a decline in foreign arrivals.
💡 Key Details
Program Duration: 18 months, starting in the fourth quarter of 2025.
Conversion Limit: Up to 550,000 baht (approximately $16,949) per tourist.
Conversion Method: Through licensed Thai crypto exchanges and e-wallets.
Usage: Funds can be used for electronic payments via QR codes at participating merchants.
Regulatory Compliance: Strict KYC and AML measures in place to prevent money laundering.
📈 Why It Matters
Tourism Revival: The initiative is part of efforts to boost tourism, which has seen a 10% decrease in foreign arrivals in 2025 compared to previous years.
Digital Innovation: Positions Thailand as a leader in integrating digital assets into everyday transactions for tourists.
Economic Impact: Expected to increase tourist spending and contribute to the national economy.
🧭 Final Takeaway
Thailand's TouristDigiPay program represents a significant step in integrating cryptocurrencies into the tourism sector. By providing a seamless way for tourists to convert and spend digital assets, Thailand is setting a precedent for other nations to follow.
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