4 Reasons Bitcoin Usage Could Explode in Thailand

Thailand has the right mix of ingredients for Bitcoin to succeed – a large number of foreign tourists, inflows of multiple foreign currencies and tech-friendly banks.
What is the catalyst required for Bitcoin to succeed in Thailand?
High dependence on tourism
Thailand is a tourist-friendly nation and tourism contributes to over 19% (directly and indirectly) of the country’s annual GDP. Over 25 million tourists visit Thailand every year, spending in excess of USD 40 Bn in the country.
Tourism and travel account for 6% of the country’s direct employment and a significant portion of the country’s informal sector depends on revenue generated from foreign tourists.

This post was published at Coin Telegraph on 2016-09-17.