Thailand tourism board targets wealthy Japanese crypto holders

CoinTelegraph

In its latest effort to revive the Kingdom’s pandemic-battered tourism industry, Thailand’s tourism authority is targeting cryptocurrency holders from Japan.

The Tourism Authority of Thailand (TAT) wants to establish the country as the first to go out of its way to welcome cryptocurrency holders, specifically those from Japan which it views as a regional hub of crypto activity. The authority has conducted a feasibility study on implementing cryptocurrency payments at tourism destinations.

How To Get Free Crypto  

Thailand has been angling for well-heeled tourists ever since the collapse of the industry in the first quarter of 2020 when Asian nations began closing their borders in the wake of the Covid-19 outbreak.

According to the Bangkok Post, TAT governor Yuthasak Supasorn said that cryptocurrency could be the key to attracting the high rollers:

“If we can prepare the country for the cryptocurrency market, it will help attract more opportunities from high-spending tourists, especially the young and wealthy generations.”

He added that the use of cryptocurrency must comply with regulations from the central bank and measures must be designed to deter money laundering.

The authority cites three-year-old figures for Japan as having an 11% crypto ownership rate, however more recent 2020 figures from Statista suggest that it is closer to 4%.

Coinbase Banner  

Mr. Yuthasak even suggested that Elon Musk may want to visit the Kingdom with his firm having recently invested heavily in Bitcoin.

“Even Elon Musk, the founder of Tesla and a crypto influencer, might be interested in visiting Thailand,”

Although Thailand has been relatively open to cryptocurrency trading and has a number of exchanges such as Bitkub and the recently opened Upbit, there are very few places around the country that actually accepts digital currencies as a payment method.

Before the Covid-19 pandemic, the tourism ministry was reporting tourist arrival figures close to 40 million per year. This number has plunged, decimating the once-thriving industry as the country has remained largely closed to foreigners. The TAT has revised its foreign arrival goal down to just 8 million.

Go to Source
Author: Martin Young


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

FreeBitcoin Banner  

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.