Thailand don start pilot digital asset payment to boost tourism
Thailand Ministry of Finance, Bank of Thailand, an Tourism Authority don start one six-month digital asset payment pilot for four provinces: Bangkok, Chiang Mai, Phuket, an Surat Thani. From 1st July, di scheme go allow foreign visitors use licensed digital asset wallets to pay for hotels, restaurants, an attractions with stablecoins like USDT, USDC, an BUSD. The pilot aim to boost tourism spending, gather data on consumer behaviour, an test regulatory frameworks. Service providers wey join go monitor transaction volumes an user feedback to check economic impact. If e successful, dem fit expand the program nationwide, make Thailand become top digital asset payment hub for Southeast Asia.
Bullish
Di launch of regulated digital asset payment pilot for Thailand go likely get bullish impact for crypto market. As dem dey integrate stablecoins (USDT, USDC, BUSD) join main tourism spending, the scheme dey improve real-world use and e broad user adoption. As history show, similar pilots—like crypto payment trials for Europe—dem bring increase for transaction volumes and higher demand for stablecoins. For short term, expect stablecoin trading and on-chain activity go rise. For long term, if outcome fine, e fit bring regulatory clarity and make other places want follow, e go strengthen market confidence and promote sustainable growth for digital asset use cases.