Crypto Goes Tropical: Thailand Welcomes Tourist Spending In Bitcoin And More
Thailand is moving ahead with a plan to let foreign tourists spend cryptocurrency during their visits. The new scheme, called TouristDigiPay, will launch on August 18 and allow visitors to convert crypto into Thai baht for electronic payments. Related Reading: Bitcoin Miner Tied To Trump Spends $314 Million On Chinese Computer Chips The announcement comes […]
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A self-styled crypto influencer was sentenced to prison after prosecutors said he ran a large cryptojacking scheme that siphoned cloud computing power and secretly mined digital coins. Related Reading: Crypto Goes Tropical: Thailand Welcomes Tourist Spending In Bitcoin And More According to the Department of Justice, Charles O. Parks III, who called himself “CP3O” online, […]
Strategy Inc. has bought more Bitcoin while markets wobble, adding another small slice to its vast crypto treasury. Related Reading: Crypto Goes Tropical: Thailand Welcomes Tourist Spending In Bitcoin And More According to the company, it purchased 430 BTC for about $51.4 million, at an average price near $119,666 per coin. The move keeps Strategy […]
Thailand has the right mix of ingredients for Bitcoin to succeed – a large number of foreign tourists, inflows of multiple foreign currencies and tech-friendly banks. What is the catalyst required for Bitcoin to succeed in Thailand? High dependence on tourism. Thailand is a tourist-friendly nation and tourism contributes to over 19% (directly and indirectly) of the country's annual GDP. Over 25 million tourists visit Thailand every year, spending in excess of USD 40 Bn in the country. Tourism and travel account for 6% of the country's direct employment and a significant portion of the....
Thailand seems to be interested in catching Japanese crypto holders’ attention via tourism. The country wants to establish a crypto-friendly touristic hotspot and the first targeted country is the nation of the rising sun. Program Aims to Add New Segments With ‘High Spending’ Per Bangkok Post, the Tourism Authority of Thailand (TAT) seeks to put the nation as the first to welcome crypto holders by targeting Japanese tourists in the early stage. The maneuver is given in the context of the pandemic that hit hard Thai’s tourism. The program looks forward to emphasizing....
Celsius CEO Alex Mashinsky sat down live at Miami’s Bitcoin 2021 Conference with Yahoo! Finance for a brief discussion on Celsius, Elon, and more. With a quick question out of the gate around Elon’s latest Twitter chatter, Mashinsky didn’t hesitate to share his opinion. ‘The Crypto Tourist’ “Elon is a tourist in crypto”, Mashinsky stated, […]