Thailand's Crypto Tourism Will Make it Easier for Foreigners to Enter the Country! No More ATM Fees, Conversion Rates?

Thailand's crypto tourism initiative is expected to enhance the country's tourism industry. As of the moment, government officials are coordinating with the nation's regulators and a local blockchain exchange.

Experts said that travelers who invested in cryptocurrencies would have an easier process when visiting Thailand once it is implemented.

This would be quite different from the regular flight packages. If Thailand really allowed crypto payments, foreigners would no longer have to worry about ATM fees and currency conversion rates.

"If Thailand is looking to recover about 80% of its pre-pandemic tourism revenue in 2023 but with half the number of foreign tourist arrivals we saw in 2019, we can achieve that by getting someone like Russell Crowe or a crypto holder like Tim Cook to travel here," said Thailand's Tourism Board Governor Yuthasak Supasorn, via CoinMarketCap's latest report.

Who Can Benefit from Crypto Tourism?

Crypto enthusiasts and regular investors are specifically the ones who can benefit from Thailand's new blockchain effort.

This means that if you already own digital coins, you can definitely visit the country and use only your cryptocurrencies to pay for your food, hotel, and other amenities.

For more news updates about Thailand's crypto tourism and other similar stories, always keep your tabs open here at TechTimes.

TechTimes own this article

Written by: Griffin Davis