Foreign tourists can now convert cryptocurrency into Thai baht and spend it at shops and restaurants across Thailand through the new WORPT payment app. The platform connects crypto wallets directly to Thailand's QR PromptPay network, enabling purchases without requiring a Thai bank account. WORPT, developed by Wipay and Waan Exchange with support from Tether, operates under Thailand's TouristDigiPay regulatory sandbox overseen by the Securities and Exchange Commission. The app supports stablecoin-to-baht conversions including USDT and USDC, with an initial 1.5% conversion fee. Tourists deposit supported digital assets, convert them to baht, and scan Thai QR codes at merchants who receive payment in local currency through existing channels.
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