coinquora.com
- Thailand Tourism Authority (TAT) is preparing to launch its utility token.
- At the moment, TAT is discussing the utility token with the Stock Exchange of Thailand
- The authority aims to generate crypto revenue through their incoming utility token.
Despite how some countries keep tightening their crypto regulations, Thailand seems to still have a big interest in embracing cryptocurrency. The Tourism Authority of Thailand (TAT) wants to launch its utility token to capitalize on crypto revenue from visitors.
To achieve this, the authority is currently discussing the coming of the TAT Coin with the Stock Exchange of Thailand. If this happens, the token’s utility would be a gateway to facilitate the to and fro of vouchers into the TAT Coin. Above all, this will drastically increase the presence of liquidity among tourism operators in the country.
Moreover, the TAT Coin will be a signal to the crypto world that Thailand’s tourism sector has opened its doors again for business. Specifically, after the deadly COVID-19 crisis. As the authority is working to launch the utility token, TAT governor, Yuthasak Supasorn, has expressed his view on the matter.
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.
According to the report, TAT will discuss the minting of the utility with the country’s Ministry of Finance to see if they have what it takes to issue the token.