The Magazine for Asian Investors
The Tourism Authority of Thailand (TAT) is about to launch a digital currency. Known as the TAT Coin, it is expected to get the green light from Thai lawmakers soon, paving the way for the next stage of tourism.
Since the outbreak of the pandemic, the country, which is partly dependent on tourism, has suffered greatly. People working in the tourism industry have experienced a serious cut from one day to the next. Now that the country has taken the first step and opened its borders to foreign visitors, this could be the next attempt to bring more money into the country. Already since November 1, entry regulations have visibly loosened and the first tourists are streaming back into the country.
Crypto experts in Thailand agree that the country’s private sector is ready for digitization and wants to take the next step. All that is missing is the final go-ahead from the authorities This step also has the potential to more than double the country’s gross domestic product, experts predict.
The project, called “cryptourism,” is intended to attract primarily wealthy crypto-nomads, but also crypto-tourists.