The Tourism Authority of Thailand (TAT) is exploring the possibility of creating its own utility tokens. To stimulate domestic tourism and increase income for entrepreneurs
The TAT is reportedly in discussions with the Stock Exchange of Thailand regarding the launch of TAT Coin and is weighing the regulatory and feasibility of the project. According to a Bangkok Post report published on Tuesday.
Mr. Yuthasak Supasorn, Provincial Governor said Thailand must “prepare” digital infrastructure and digital literacy for tour operators. Because the old business model may not be able to keep up with new technologies that change rapidly,” said Yuthasak.
“This new technology includes cryptocurrencies that are about to become mainstream, so the TAT must seize this opportunity to enhance the competitiveness of the affected tourism sector. from Covid-19 with a short-term plan to attract potential tourists to help speed up tourism revenues.”
it would be better If a token utility is developed that can facilitate the transfer of vouchers to TAT Coin to increase liquidity for tour operators. And send a signal to other countries in the crypto world to hint that Thailand’s tourism sector has reopened.
Thailand will lift lock down restrictions in Bangkok and 9 provinces from Nov. 1 for those who have been fully vaccinated. According to a report from Reuters on Monday.
source: coindesk
