{"id":45694,"date":"2022-03-08T16:02:03","date_gmt":"2022-03-08T15:02:03","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=45694"},"modified":"2022-03-08T16:02:03","modified_gmt":"2022-03-08T15:02:03","slug":"crypto-friendly-thailand-welcomes-russian-and-ukrainian-travelers","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/crypto-friendly-thailand-welcomes-russian-and-ukrainian-travelers\/","title":{"rendered":"Crypto-friendly Thailand Welcomes Russian and Ukrainian Travelers"},"content":{"rendered":"
Thailand authorities are working on solutions to provide crypto payments to both Ukrainian and Russian tourists in the country.<\/strong><\/p>\n <\/strong><\/p>\n According to the Phuket Tourist Association (PTA)<\/strong>, the Bank of Thailand (BOT)<\/strong> is currently in discussions with the PTA<\/strong> about developing alternate payment methods for Russian visitors to Thailand, which may include cryptocurrency. Because of Russia’s invasion of Ukraine, the country has been subjected to international sanctions since the invasion. As a result of the restrictions, Visa and Mastercard have prohibited<\/strong> the usage of Russian credit cards in foreign jurisdictions.<\/span><\/p>\n Bhummikitti Ruktaengam, President of the PTA, claimed in an interview that he had looked into the prospect of Russian tourists utilizing cryptocurrency as a last resort in an emergency case.<\/span><\/p>\n If a transaction is unable to complete satisfactorily, <\/span>according to him<\/span><\/a>, bitcoins will be utilized as backup. The prospect of connecting Thai companies with the Russian payment system Mir<\/strong> was also considered, as are reports that tourism enterprises are turning to the Chinese payment platform UnionPay<\/strong> in order to provide Russian guests with an alternative method of paying their bills.<\/span><\/p>\nTourists Are Welcome!<\/span><\/h2>\n