Thailand pitches crypto-to-baht QR payments sandbox to revive slowing tourism – DL News
- Stablecoins like USDT and USDC are expected to be among supported assets.
- Tourism to Thailand has dropped 6% in the past year.
Crypto users might be tempted to cash in on near-peak prices in the Land of Smiles as early as this month, as regulators plot out a new payments sandbox.
Thailand’s government is reportedly preparing to unveil the TouristDigiPay initiative that would allow foreign visitors to convert digital assets into Thai baht for use at local merchants.
According to local news outlet The Nation, a formal announcement is expected on Monday, during a press briefing led by Finance Minister Pichai Chunhavajira and other top officials.
While no official list of eligible cryptocurrencies has been publicly released for the scheme,…
