Cryptocurrency payments for travelers visiting Thailand: the US, UAE, Japan, and other nations that accept Bitcoin, Ether, and other
To boost Thailand’s tourism industry, financial regulators are considering allowing foreign visitors to swap bitcoin for Thai baht in order to make purchases throughout the nation.
The nation has revealed plans to open a cryptocurrency sandbox where visitors may exchange their Bitcoin for cash and make purchases of products and services. Although the goal of the move is to attract more tourists, Thailand is not the only nation that takes cryptocurrency payments. Here are six more
El Salvador
In 2021, El Salvador became the first nation to recognize Bitcoin as legal tender, enabling both locals and visitors to utilize the cryptocurrency for regular expenses, including dining, travel, and shopping. But once the IMF stepped in, the nation decided to curtail several aspects of Bitcoin use.
Malta
Malta, also referred to as the “Blockchain Island,” is one of Europe’s most technologically advanced countries. As early as 2016, restaurants and shops all around the nation started taking Bitcoin. Additionally, travelers can reserve flights and lodging in Malta using their digital assets.
2018 saw the introduction of Malta’s Virtual Financial Assets Act (VFAA), which simplifies licensing for cryptocurrency businesses.
UAE
The use of cryptocurrencies has grown quickly in the United Arab Emirates, particularly in Dubai, in a variety of industries, including retail, real estate, and hospitality.
When buying real estate, reputable developers like DAMAC and Emaar take Bitcoin and Ether payments. Emirates Airlines expanded the possibilities earlier this month by entering into a Memorandum of Understanding with Crypto.com to accept cryptocurrency payments for aircraft reservations. By 2026, the airlines will be able to book flights and provide in-flight amenities using digital currencies like Bitcoin, Ethereum, and others.
Portugal
Portugal, another crypto-friendly nation in Europe, encourages adoption of cryptocurrencies via tax policies and relaxed regulations. While it is not yet a legal tender in the country, many businesses accept Bitcoin payments.
Japan
As early as 2017, Japan was among the first nations to recognize Bitcoin as a legitimate form of payment. Although cash is still used for the majority of transactions in Japan, numerous shops, electronics stores, and travel agencies now take Bitcoin from both locals and visitors.
US
Although it is not yet a standardized system, the United States is embracing digital assets more than ever before as a result of Donald Trump’s crypto push. Travelers within the nation, however, can take advantage of digital assets.
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