Will Crypto Save Thailand Tourism | Thailand Tourism Crypto Plan ❤️
Will Crypto save Thailand
Thailand’s tourism body plans to launch its own crypto coin for visitors.
Thailand now wants to target crypto millionaires to help breathe new life into its pandemic-battered tourism industry.
Thailand now has plans to attract owners of crypto currency.
The Tourism Authority of Thailand is working with the country’s regulators to make it easier and more convenient for visitors to spend cryptocurrencies in the country.
It is hoped that it will help the tourism-reliant nation to recoup some of the $80 billion in lost revenue caused by the pandemic.
However, it may take time before travellers can start using Bitcoin, Ethereum, and other digital currencies for travel as Thailand, currently does not recognize cryptocurrencies as a legal tender.
The Thai Tourist authority will set up a new unit next year to handle the issuance of its own crypto coin TAT coin, produce a wallet, and build a new tourism ecosystem, the government said.
Thailand is laying the groundwork to become a “crypto-positive society” with the aim to attract crypto holders and boost its tourism industry.
“Crypto is the future, so we must make Thailand a crypto-positive society to welcome this group of quality tourists.
He explained that the Thai tourism authority is laying the groundwork for the wider acceptance of cryptocurrencies, which it plans to have in place by the time global travel returns to normal……..
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