Thailand to launch crypto payment sandbox for tourists
The latest Tourism gamble Thailand is on the verge of launching a new cryptocurrency payment system, Tourist Digi Pay, aimed at stimulating its stagnating tourist sector. The project will enable foreigners to convert their crypto assets into Thai baht and utilize them through licensed e-money companies for electronic transactions. This move is expected to not only make it easy for users of digital assets to travel but also enable Thailand to compete with other regional destinations, attracting more tourists.
The Tourist Digi Pay Mechanism
The sandbox is supposed to be launched on Monday, before tourists can utilize the service, they will have to know your customer KYC checks and open an account with a…
