Thailand is rolling out a new payment app aimed at attracting crypto-savvy tourists. The app, called WORPT, allows foreign visitors to convert their cryptocurrency holdings into Thai baht for spending at local shops and restaurants. This service eliminates the need for a Thai bank account, making it easier for tourists to use digital assets during their stay.
The initiative comes as Thailand seeks to boost tourism spending, which has been sluggish in recent years. By enabling crypto-to-baht conversions, the country hopes to tap into the growing wealth held in digital currencies. The app leverages Thailand's widespread use of barcode-based payment systems, ensuring seamless transactions for visitors.
WORPT represents a strategic move to integrate cryptocurrency into the tourism sector, potentially drawing more international travelers who prefer using digital assets. The app's launch could set a precedent for other countries looking to enhance their appeal to crypto holders.