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Thailand Launches WORPT App Letting Foreign Tourists Convert Crypto to Baht via QR Code
Read this in the Market Flux appThailand has rolled out WORPT, a new payment application that allows foreign tourists to convert cryptocurrency, including stablecoins, into Thai baht and spend it at local shops and restaurants by scanning QR codes, without needing a Thai bank account. The launch marks a formal pilot of crypto-to-fiat payments aimed at boosting tourism spending as Thailand works to revive its tourism sector.
The system works by letting visitors convert digital assets into baht through the app, then pay at participating merchants using the country's widely used barcode payment infrastructure. Separately, Thailand has also signaled plans to cap stablecoin transfers at $148,000 per day as part of its broader regulatory framework around crypto use.
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Sources
- BusinessA new payment app in Thailand is looking to tap tourists’ crypto wealth as the country struggles to revive tourism spending
- Cointelegraph🚨 NEW: North Korean hackers have launched memecoins on NEAR to launder stolen funds but no one is buying them. Thailand plans to cap stablecoin transfers at $148,000 per day. The region’s top crypto news in Asia Express:
- PolymarketJUST IN: Thailand launches crypto payment pilot allowing foreign tourists to turn digital assets into baht & pay by scanning QR codes.
- WatcherGuruJUST IN: 🇹🇭 Thailand launches payment system allowing tourists to convert crypto into its national currency for purchases.
- AshCryptoBREAKING: 🇹🇭 Thailand now allows tourists to convert stablecoins into Thai baht for purchases. Real-world crypto adoption is growing.
- CPOfficialtxUPDATE: Thailand has launched a new payment system allowing tourists to convert cryptocurrency into Thai baht for everyday purchases. The move marks a major step toward integrating crypto into tourism and real-world payments.