Thailand has introduced a pilot program named TouristDigipay which allows visitors to exchange cryptocurrency into baht for local transactions. The program is set to launch later this year and will operate for approximately 18 months under a regulatory sandbox to boost the country’s tourism economy.

Key Details

• The program enables easier access to local currency through direct conversion of crypto assets.
• Transactions will be capped at 500,000 baht per month.
• Thai finance minister Pichai Chunhavajira mentioned, > “We want to take every action to facilitate foreign tourists for their stays in Thailand. This new program adds a new innovation to replace overseas visitors’ cash and credit card use here.”

This initiative aims to enhance the tourism experience in Thailand by providing more flexible payment options for foreign travelers.