Thailand Launches Program to Convert Crypto for Tourism Spending

Thailand is trying to make it easier for tourists to spend money.

They are letting people exchange their digital money, like Bitcoin, for Thai money called baht.

This new program, called TouristDigipay, will let tourists convert their crypto through licensed companies.

Tourists can then spend the baht on things like food and hotels.

However, businesses won't be able to accept crypto directly.

This is an effort to attract more visitors and help the tourism industry, which is very important for Thailand's economy, especially as they try to offset decline in tourist arrivals.