Thailand targets tourists with crypto-to-baht scheme
Thailand is piloting a programme that allows visitors to the country to convert cryptocurrencies into baht for local payments.
Editorial
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
The TouristDigipay pilot will run for 18 months from later this year through a regulatory sandbox as Thailand bids to stimulate its tourist industry.
Visitors will not be able to use crypto directly to make payments in the country but can convert it into baht. Spending through the programme is limited to 500,000 baht per month.
Thailand has seen a 33% drop in tourism from China in the first half of the year amid safety fears after Chinese actor Wang Xing was kidnapped…
