Thailand launches WORPT! Tourists can directly exchange USDT and USDC for Thai baht to spend, without opening a local bank account
Cryptocurrency is finally making its way into travel spending!
Thailand recently launched the WORPT payment app, allowing foreign tourists to exchange their crypto assets for Thai baht and then pay at local shops, restaurants, and other venues using the widely used QR PromptPay system.
The most convenient part: tourists don’t need to open a Thai bank account, and merchants don’t need to accept cryptocurrency directly.
WORPT currently supports two major stablecoins:
USDT
USDC
The process is also fairly simple: complete passport and facial identity verification, connect a wallet and deposit stablecoins, then exchange them for Thai baht and scan a QR code to pay.
Merchants still receive Thai baht—not USDT or USDC—so they don’t have to bear the risk of cryptocurrency price fluctuations directly.
More importantly, WORPT is not a payment tool operating entirely outside regulatory oversight. It operates under Thailand’s SEC Tourist DigiPay regulatory sandbox framework and was launched in partnership between licensed digital asset exchange WaanX and e-money service provider WiPay.
What’s really worth paying attention to is this:
In the past, many people held cryptocurrency mainly for trading and investment. Now, stablecoins are trying to connect with real-world spending.
From buying and selling on exchanges, to cross-border transfers, to travel shopping, the use cases for stablecoins are expanding.
Of course, WORPT still has conditions for use. For example, it is only available to eligible foreign tourists, the exchange fee is 1.5%, the e-wallet balance is capped at 100,000 baht, and cash withdrawals are not allowed.
If more and more countries open up similar services in the future, could stablecoins truly become part of the global payment system?
#WORPT #USDT #USDC #泰国推出worpt支持游客加密货币兑泰铢消费
Cryptocurrency is finally making its way into travel spending!
Thailand recently launched the WORPT payment app, allowing foreign tourists to exchange their crypto assets for Thai baht and then pay at local shops, restaurants, and other venues using the widely used QR PromptPay system.
The most convenient part: tourists don’t need to open a Thai bank account, and merchants don’t need to accept cryptocurrency directly.
WORPT currently supports two major stablecoins:
USDT
USDC
The process is also fairly simple: complete passport and facial identity verification, connect a wallet and deposit stablecoins, then exchange them for Thai baht and scan a QR code to pay.
Merchants still receive Thai baht—not USDT or USDC—so they don’t have to bear the risk of cryptocurrency price fluctuations directly.
More importantly, WORPT is not a payment tool operating entirely outside regulatory oversight. It operates under Thailand’s SEC Tourist DigiPay regulatory sandbox framework and was launched in partnership between licensed digital asset exchange WaanX and e-money service provider WiPay.
What’s really worth paying attention to is this:
In the past, many people held cryptocurrency mainly for trading and investment. Now, stablecoins are trying to connect with real-world spending.
From buying and selling on exchanges, to cross-border transfers, to travel shopping, the use cases for stablecoins are expanding.
Of course, WORPT still has conditions for use. For example, it is only available to eligible foreign tourists, the exchange fee is 1.5%, the e-wallet balance is capped at 100,000 baht, and cash withdrawals are not allowed.
If more and more countries open up similar services in the future, could stablecoins truly become part of the global payment system?
#WORPT #USDT #USDC #泰国推出worpt支持游客加密货币兑泰铢消费