Thailand dey allow tourists make crypto conversion for payment
Thailand govment don approve plan wey go allow foreign visitors convert their crypto to Thai baht for crypto payments for licensed shops. Dis move na part of di country's Digital Asset Blueprint wey wan boost tourism by making crypto payments and regulation easier. Under dis new system, non-residents fit use approved crypto wallets and exchanges pay bill for hotels, restaurants and stores without needing to register as local crypto business. Di policy dey expected to encourage use of crypto payments, increase visitor spending and support Thailand for become digital asset hub.
Bullish
Allow tourist dem to convert crypto for payments fit boost on-chain activity and merchants dem adoption of crypto payments. By reducing wahala and giving clear regulatory direction, Thailand fit attract crypto-savvy travelers and make local people spend more, just like the good market response wey happen for places like El Salvador. For short term, demand for big cryptocurrencies and stablecoins fit increase as visitors dey buy tokens to spend. For long term, dis policy go strengthen Thailand position as digital asset hub, fit drive steady growth for trading volumes and developer investment.