Thailand Don Approve Crypto Payments for Tourists Through Credit Card, Dem Look Into New Rules
Thailand don dey push plans to allow oyibo tourists to dey spend crypto money using dem credit card linked payment systems. Dis move, wey Deputy Prime Minister and Finance Minister Pichai Chunhavajira dey lead, show say Thailand wan make dem economy modern and attract tech-savvy visitors. Tourists go fit link dia crypto money to credit cards, so dem go fit do local transactions wey go change crypto to Thai baht straight up for where dem dey buy things. Dis one go protect market people from crypto price wey dey go up and down. Di program don dey use di payment systems wey don dey exist, and di Ministry of Finance and Bank of Thailand still dey review am. Dem go first do a pilot phase to test if di technical part dey work and if e fit happen, and if e succeed, e fit spread wide. Even though local people never fit pay with crypto directly, di government still dey change di money laws to join traditional and digital asset markets together. Di steps include making rules for big investors less strict, making Securities and Exchange Commission dey watch well well, and launching 'G-Tokens' government bonds wey blockchain dey power for small investors. Thailand still dey plan to get a digital asset sandbox for Phuket by late 2025 to boost tourism and digital new ideas. All dis development make Thailand a leader for digital asset adoption for di region, aiming to boost crypto-related tourism, attract investment, and increase crypto market activities.
Bullish
Wetin Thailand wan do to make international tourists fit pay with crypto through credit card system, show say crypto go dey useful well well for normal business. Dis pilot go test how well dem fit change am to normal money and how dem go fit put am inside law, so merchants no go too dey fear say price go just change anyhow. Dem get plan to change di law, like to join di way dem dey check normal money and digital money, dis one go make people wan invest more and make di place good for digital money to grow. If dem bring government 'G-Tokens' wey dem build with blockchain and dem do small testing ground for tourist areas, e fit make crypto enter body well well and make market dey liquid, especially if plenty tourists come and di law dey good for am. Before before, when dem open up laws like dis and people start to dey use di system, trading activities go increase and local crypto market go grow, so e mean say for short and long run, digital money for Thailand go make sense.