Market News

Crypto Integration in Thailand: A New Era for Tourists

Thailand has officially launched the TouristDigiPay program to facilitate cryptocurrency use among foreign visitors.

This initiative, set to commence in August 2025 and lasting for 18 months, allows tourists to convert their cryptocurrencies into Thai baht for local expenses.

The move aims to rejuvenate the tourism sector, particularly in light of declining visitors from China.

To participate, tourists must open accounts with regulated digital asset and e-money providers while adhering to stringent Know Your Customer (KYC) protocols.

Although cryptocurrencies cannot be used directly for transactions, they can be exchanged for baht to facilitate electronic payments, including QR code transactions.

The program features essential safeguards such as spending limits and restrictions on cash withdrawals to enhance security and regulatory compliance.

This progressive step positions Thailand as a frontrunner in integrating crypto within the tourism industry.

Industry experts believe that the initiative could attract more tech-savvy travelers and stimulate economic growth.

As the regulatory framework evolves, other countries may look to Thailand's model as a potential pathway for tourism recovery in the digital age.

The introduction of TouristDigiPay not only enhances tourists' experience but also solidifies Thailand's status as a crypto-friendly destination.