Thailand Unveils $15 Billion Crypto Tourism Push with TouristDigiPay Launch

Key Takeaways:

• Thailand introduces TouristDigiPay, a crypto-to-baht payment scheme aimed at revitalizing tourism after a 24–34% slump in East Asian and Chinese arrivals.
• Tourists can convert crypto into Thai Baht for local spending through licensed e-money providers, with strict KYC/AML safeguards and monthly spending caps up to 500,000 THB.
• Officials position the initiative as a regulatory sandbox and a global test case for using digital assets to drive tourism growth.

Thailand is taking an ambitious step to reenergize its tourism sector by formally launching TouristDigiPay, a program allowing foreign visitors to exchange cryptocurrencies into Thai baht for local spending. The scheme, which began August 18, 2025, comes as part of an urgent bid to offset falling visitor numbers, particularly from China, once Thailand’s largest tourism source.

Read More: Thailand Announces Crypto Tax for 5 Years—Is This Asia’s Boldest Digital Asset Play Yet?

Why Crypto Matters for Thailand’s Tourism

The economy of Thailand depends on tourism since it constitutes approximately 12% of the economic gross domestic product. In the first six months of 2025, the number of arrivals decreased to 16.8 million as compared to the 17.7 million arrivals during the same time the previous year (2024). Worse still, the numbers of visitors/ tourists of East Asian origin dwindled by 24% and Chinese tourists dropped by 34% with reference to the World Tourism Institute

Neighboring destinations such as Japan and Vietnam have become more attractive due to weaker currencies and lower costs, forcing Thailand to innovate. Through the adoption of cryptocurrency, Thai government expects to attract more tech-savvy tourists as well as to be a leader in more digital finance in the tourism industry.

How TouristDigiPay Works

Regulatory Sandbox

The scheme operates in a regulatory sandbox jointly managed by:

• Ministry of Finance
• Securities and Exchange Commission (SEC)
• Anti-Money Laundering Office (AMLO)
• Bank of Thailand (BOT)
• Ministry of Tourism and Sports

The sandbox will be open in Q4 2025 with an 18-month life span, giving regulators time to check risks as demand is tested.

Account Setup

A visitor will need to open accounts with a properly licensed digital asset service provider (must have an SEC license), as well as with an e-money-issuing company (must have a BOT license). Entry requires strict Know Your Customer (KYC) and Customer Due Diligence (CDD) checks, preventing anonymous use.

Payment Experience

• Funds are converted into baht within a Tourist Wallet.
• Transactions are made via QR code payments at participating merchants.
• Merchants receive only baht not crypto, reducing volatility risks.
• Withdrawals are blocked until account closure, preventing direct cash-out.

Spending Limits

• Up to 500,000 THB/month for large merchants with card terminals.
• Up to 50,000 THB/month for smaller merchants.
• No transactions allowed at high-risk businesses under AMLO guidelines.

Government’s Stated Goals

Deputy Prime Minister and Finance Minister Pichai Chunhavajira emphasized that TouristDigiPay is designed to “replace overseas visitors’ reliance on cash and cards with innovative payment solutions.”

The scheme is not aimed at legitimizing crypto payments on goods and services per se; rather, the idea is one of the conversions to the baht, ensuring that no monetary stability threatens Thailand, but offering increased liquidity to tourists.

The representatives also noted the significance of the initiative in diversification of the tourism markets. As the number of Chinese arrivals tapers off, one of the areas that Thailand looks at attracting is the Middle East, Southeast Asian, and European regions where the crypto is relatively strong.

Read More: Thailand Eyes Bold Crypto Leap: Tourists May Soon Spend Digital Assets With Credit Cards

Thailand is not alone in experimenting with crypto tourism:

• Bhutan partnered with Binance Pay to integrate crypto into its tourism payment system.
• UAE signed a deal with Crypto.com enabling airline passengers to pay with crypto.
• Blue Origin, backed by Jeff Bezos, now allows space tourism payments in Bitcoin, Ether, Solana, and stablecoins.

In the case of Thailand, the implementation of TouristDigiPay will act as a proactive response that will prevent losing tourist traffic and as an attack, proclaiming itself as the cryptocurrency-friendly travel destination in Southeast Asia.

Market analysts observe that though the potential of crypto-driven tourism is tempting with annual revenue of $15 billion, implementation will be very crucial. Tourists expect ease, any delay in the onboarding or the payment process may turn people away.

Still, with Thailand’s reliance on tourism and its ambition to be a regional fintech leader, the country may have just launched one of the most closely watched experiments in crypto adoption worldwide.