- TAT (Thailand Tourism Authority) is getting ready to release its utility token.
- TAT is now discussing the utility token with Thailand’s Stock Exchange.
- The body intends to use its forthcoming utility token to earn cryptocurrency sales.
Although other nations are strengthening their cryptocurrency restrictions, Thailand appears to be interested in adopting cryptocurrencies. Thailand’s Tourism Authority (TAT) plans to establish a utility token to profit from cryptocurrency income generated by visitors.
To that end, the authority is presently in talks with Thailand’s Stock Exchange on introducing the TAT Coin. If this occurs, the token’s utility will be a conduit for transferring vouchers to and from the TAT Coin. Above all, this will significantly improve the availability of cash among the nation’s tourism providers.
Furthermore, the TAT Coin will serve as a statement to the cryptocurrency world that Thailand’s tourism industry has reopened for operation. After the tragic COVID-19 incident, in particular. TAT governor Yuthasak Supasorn has stated his thoughts on the subject as the authority introduces the utility token.
We have to prepare digital infrastructure and digital literacy for our tourism operators to commence cryptourism as the traditional business model might not be able to keep up with the new changes.
TAT will examine the utility’s minting with the nation’s Ministry of Finance to determine if they are ready to release the token, as per the news.