Thailand Launches WORPT App Allowing Tourists to Spend Cryptocurrency

Thailand has launched a cryptocurrency payment application called WORPT, allowing foreign tourists to exchange cryptocurrency for Thai baht and make purchases in stores and restaurants by scanning merchant payment barcodes, without the need to open a Thai bank account. WORPT primarily targets cryptocurrency holders from South Korea, Japan, the Middle East, and Southeast Asia, aiming to achieve a consumption scale of 15 billion Thai baht (approximately 440 million USD) during an 18-month pilot period. The project comes at a time when Thailand is facing pressure from a second consecutive year of declining foreign tourist numbers and falling international tourism revenue.

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