Thailand begins implementing crypto payment systems in Phuket, attracting foreigners and tourists.
Crypto Payments in Thailand
Thailand's Prime Minister Paetongtarn Shinawatra and Finance Minister Pichai Chunhavajira see potential for economic growth using Bitcoin. The government will allow digital assets as payment options in the tourist area of Phuket.
Objectives of the Government Initiative
According to Shinawatra, the Thai government aims to attract foreigners affected by conflicts like the Russian-Ukraine war and online platform workers. The Prime Minister believes that digital assets will facilitate adaptation for foreigners.
Planned Implementation Stages
Finance Minister Chunhavajira announced the program will roll out this year. The authorities are confident this will strengthen Thailand's position as a crypto hub in the region.
Thailand continues to promote crypto innovations, utilizing digital assets for economic growth and tourist adaptation in Phuket.
