The deployment of the Tourism Authority of Thailand’s TAT Coin is coming near completion. They are now awaiting government approval, according to the local sources.
According to local media, a push in Thailand to boost the Gross Domestic Product (GDP) by attracting the digital nomads is coming closer to completion.
Since September, TAT (Tourism Authority of Thailand) has been looking into its own utility token known as the TAT coin. This coin is a part of their planned “cryptourism” campaign. This initiative’s purpose is to attract crypto wealthy digital nomads. Therefore, TAT has been in conversation with the Stock Exchange of Thailand regarding TAT Coin’s issuance. According to the Nov 24 reports from the Bangkok Post, TAT Coin is “ready” to go. They are now only awaiting the green light from the Thai Government.
Moreover, as per the Bangkok Post, TAT governor Yuthasak Supasorn stated that the Cryptourism campaign aims to build a new tourism ecosystem. Further, this ecosystem will utilize digital technologies to allow rich people and cryptocurrency holders. This will help them channel their money straight to tourism operators without dealers and agents.
In addition, Supasorn stated that this step would considerably help domestic businesses recover. Due to the global pandemic, those businesses are bearing the lack of tourism capital flowing into the country.
Lastly, in spite of the private sector being ready to support this campaign, Supasorn warned that there is still a lot of work required from the government side to execute such an ambitious digital currency-focused initiative.