Post
Topic
Board Economics
Re: Crypto is doing well in Thailand...or is it?
by
Flexystar
on 30/05/2022, 11:05:58 UTC
Very small market for the crypto in Thailand. The problem is, they have tourist based income so its underestimated for the use of crypto currencies. How many tourists would go there and spend their crypto's? I mean look at it from the point of view of tourist who is there to chill out and relax with massage centres. Will he be waiting in the queue to open up wallet and spend bitcoins until it gets confirmed on the network? We have already seen waiting drawback in Starbucks stores (near me) and based on that in the bigger market things could be little messy.

It would be far easier for tourist to exchange the currencies locally and pay in hand cash quickly to avail the services in there. For local use case I am not sure if there is any stronger opinion.