Thailand’s Crypto Payment Revolution: TouristDigiPay Goes Live Tomorrow—Here’s Why It Matters
Bangkok’s betting big on crypto—and tourists are the first guinea pigs. Starting August 18, Thailand’s TouristDigiPay scheme lets visitors spend digital assets at merchants nationwide. No more baht headaches, just QR codes and blockchain speed.
The Backroom Play
This isn’t just convenience—it’s a calculated pivot. The Tourism Authority’s quietly courting crypto whales while traditional banks sweat over lost FX fees. Pilot data shows 63% of high-spending travelers now carry stablecoins (conveniently exempt from Thailand’s 15% capital gains tax… for now).
Merchants Take the Plunge
Over 5,000 shops already onboard—from street food stalls to luxury boutiques. Conversion happens in real-time, with the government eating volatility risk (until they don’t). ‘We’re tired of Visa’s 3% vig,’ says a Patong Beach resort manager.
The Cynic’s Corner
Another ‘crypto adoption’ win… that just happens to funnel tourists into regulated exchanges. Smart play—or a liquidity grab before the next SEC crackdown? Either way, your USDT just became their problem.
Thailand is preparing to introduce a new initiative named TouristDigiPay on Monday, August 18. The initiative will allow international tourists to exchange cryptocurrency for Thai baht and use it to make payments throughout the country. This Th... Read More
