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Thailand Considers Introducing Bitcoin-Based Payment System
Former Prime Minister Thaksin Shinawatra has expressed strong support for the adoption and use of cryptocurrencies, including bitcoin. Despite the Bank of Thailand’s current stance on not recognizing bitcoin and other digital currencies as a means of payment, Thaksin believes that it is crucial to keep pace with international trends.
According to recent data from Statista, over 20% of the Thai population engages with cryptocurrencies, which translates to around 15.4 million people. Forecasts suggest that this number could increase by 2028, reaching an astonishing 17.67 million individuals interacting with digital assets.
Thaksin emphasizes that the future will see more digital currencies integrated into economies than fiat currencies currently exist. This trend is undeniable, but the question remains whether the Thai government will follow international trends.
In a recent statement, Thaksin called on the government to reconsider its stance and explore the possibility of introducing a bitcoin-based payment system. He believes that this would not only increase liquidity in the economy but also promote financial inclusion and innovation.
Thaksin’s statements have sparked debate among experts and policymakers, with some arguing that the introduction of such a system could compromise the stability of the Thai baht. Others believe that it is essential to adapt to changing global dynamics.
The Ministry of Finance has announced plans to review bitcoin’s suitability for daily use, but tourist-oriented transactions may precede everyday usage. The question remains whether cryptocurrency holders would be willing to spend their hard-earned savings on such a system.
As the debate continues, Thaksin’s strong advocacy for cryptocurrencies raises hopes that Thailand could become an early adopter of innovative financial solutions.
Source: http://www.bitcoinbazis.hu
