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Thailand is set to allow tourists to spend cryptocurrency using credit card-linked platforms as part of a bold move to modernize its financial system and support digital assets. Deputy Prime Minister and Finance Minister Pichai Chunhavajira shared the plan during an investment seminar in Bangkok on May 26. The system will let travelers pay with crypto while merchants receive Thai baht without knowing digital currency was used.
The Ministry of Finance and the Bank of Thailand are reviewing the project which will roll out once infrastructure and regulations are ready. Pichai said this model avoids direct use of the Thai baht helping protect the national currency. He also highlighted broader reforms including unifying digital and traditional markets modernizing investment rules and boosting fairness in trading practices.
Thailand is also introducing “G-Tokens” to help retail investors access government bonds through blockchain. Recently approved stablecoins like USDC and USDt will soon be available for trading on regulated exchanges across the country.
