Thailand Launches WORPT App Enabling Tourists to Spend Crypto at 200,000 Merchants

USDT+0.00%
USDC+0.00%

According to Wipay and Waan Exchange, Thailand launched the WORPT payment app in November, enabling foreign tourists to convert cryptocurrency into Thai baht and spend it at shops and restaurants nationwide. The app connects crypto wallets to Thailand's QR PromptPay network, allowing visitors to make purchases without opening a Thai bank account. The service supports stablecoins including USDT and USDC, with a 1.5% conversion fee. Developed with support from Tether, WORPT operates under Thailand's TouristDigiPay regulatory sandbox overseen by the Securities and Exchange Commission.

Wipay projects the platform will attract approximately 200,000 users in its first year, with an estimated 15 billion baht ($440 million) in spending over the 18-month trial period. The Mall Group became an early retail partner. Virtual prepaid cards are planned for early 2027, with physical cards launching in November.

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.