$XRP 🔥Thailand plans to pilot cryptocurrency payments in Phuket🔥
Thailand is set to launch a pilot program in Phuket in 2025, allowing tourists to use bitcoin for transactions and streamlining digital payments.
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Thailand is planning to pilot cryptocurrency payments in Phuket, one of the most popular tourist destinations, as part of a pilot program offering foreign visitors an alternative payment option.
Deputy Prime Minister and Finance Minister Pichai Chunhavajira reportedly announced the new initiative on Jan. 8 at a seminar organized by the Marketing Association of Thailand, according to the Nation Thailand newspaper.
Pichai said the pilot project will be conducted within existing legal frameworks with no need for amendments to existing laws to implement the experiment.
The program, which aims to integrate the digital currency into everyday transactions, will allow tourists to register Bitcoin through a Thai exchange and verify their identities before making purchases