Thailand launches crypto payment pilot program for foreign tourists, allowing them to complete payments by scanning local payment codes.
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According to Bloomberg, Thailand’s payment application WORPT has launched for foreign tourists, enabling users to convert cryptocurrency into Thai baht and make payments by scanning widely used local payment codes at stores and restaurants—no Thai bank account required. The app is co-developed by Wipay and Waan Exchange; its founders include Chaval Jiaravanon, a member of Thailand’s billionaire Chearavanont family, and it operates under the TouristDigiPay regulatory sandbox rolled out by Thailand’s Securities and Exchange Commission (SEC). Per official details, tourists can currently convert USDT and USDC into Thai baht, and pay via Thailand’s PromptPay QR codes. Merchants do not receive cryptocurrency directly; instead, they are settled in Thai baht through the existing payment system. Pavin Jittiwongsamarn, founder of Wipay, noted the app is primarily targeted at cryptocurrency holders from South Korea, Japan, the Middle East, and Southeast Asia. The company projects 200,000 users in its first year, and 15 billion Thai baht in transaction volume over its 18-month pilot period. Thailand’s foreign tourist numbers are set to decline for the second consecutive year, with international tourism revenue also falling.
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