Thailand announced the introduction of a test programme allowing visitors to the country to convert cryptocurrency into baht for local payments.
Called TouristDigipay, the pilot programme kicks off later this year and will run for around 18 months.
TouristDigipay will be operated through a regulatory sandbox in a bid to stimulate the country’s tourism economy.
Boosting tourist spending
While TouristDigipay won’t exactly enable visitors to use crypto directly to make payments in the country, it can make matters easier by converting tokens to spendable baht.
Do note, however, that spending through the programme is limited to 500,000 baht per month.
According to Thai finance minister Pichai Chunhavajira: “We want to take every action to facilitate foreign tourists for their stays in Thailand. This new programme adds a new innovation to replace overseas visitors’ cash and credit card use here.”
