COVID Effect. Increasing Tourism

What’s happening? To offset the decline in tourism from COVID, Thailand is considering allowing tourists to pay with cryptocurrency.

Why is this important? It is the cooperation necessary for this to happen. Thailand’s Tourism Authority is working with regulators and a local crypto exchange to pave the way for the acceptance of digital tokens for travel.

How will this be important? If this model works, will others use it? Think of Miami, FL and Miami Coin. Is that the open door?

@bloombergbusiness