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Thailand Invites Crypto Payments for Tourists to Power the Economy
Thailand Invites Crypto Payments for Tourists to Power the Economy
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Thailand is pioneering a crypto-friendly tourism strategy, allowing foreign visitors to spend digital assets seamlessly via credit card conversions to Baht. Finance Minister Pichai Chunhavajira unveiled the plan at a Bangkok investment seminar, emphasizing its dual benefit: stimulating tourist spending while shielding the local currency from volatility.
The initiative sidesteps traditional FX pressures by processing crypto transactions in the background. Merchants receive Baht as usual, creating a frictionless bridge between decentralized finance and mainstream commerce. No specific cryptocurrencies were named, but the model suggests broad compatibility with major tokens.
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