Popular Post webfact Posted March 8, 2022 Popular Post Share Posted March 8, 2022 by Paul Rujopakarn BANGKOK (NNT) - The Phuket Tourist Association has discussed with the Bank of Thailand assistance measures for Russian entrepreneurs in the Kingdom who are being affected by the ongoing Russia-Ukraine conflict. During the meeting, the two agencies discussed the viability of temporarily allowing the use of cryptocurrencies as an alternative method of payment. The matter will soon be proposed to the Cabinet for consideration. The association said crypto would likely be an appealing choice should other means of making financial transactions in Russia be severed. It stressed, however, that it would need to determine whether crypto can be seamlessly connected to existing payment systems. Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe According to the association, about 3,500-4,000 Russians and 300-400 Ukrainians currently reside in Phuket. The local private sector is now in talks with the Tourism Authority of Thailand (TAT) about possibly providing them with assistance measures. These could include establishing a center to coordinate assistance, facilities for issuing visas, and organizing special flights to their respective nations. Meanwhile, Chattan Kunjara Na Ayudhya, the TAT’s deputy governor for Europe, Africa, the Middle East and the Americas, said the TAT is currently adjusting its targets for Russian visitors to Thailand this year. The current figure stands at a quarter of a million. Russians have constituted the highest number of tourists to Thailand since the Kingdom’s reopening in November of last year, with more than 63,000 travelers so far. -- © Copyright NNT 2022-03-08 - Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. - Follow ASEAN NOW on LINE for breaking COVID-19 updates 4 Link to comment Share on other sites More sharing options...
Dart12 Posted March 8, 2022 Share Posted March 8, 2022 Russia and Canada instances are prime examples of why you need to get your money out of the old fiat system and into blockchain. Myself included 1 Link to comment Share on other sites More sharing options...
Onerak Posted March 8, 2022 Share Posted March 8, 2022 2 hours ago, Dart12 said: Russia and Canada instances are prime examples of why you need to get your money out of the old fiat system and into blockchain. Myself included The main problem of crypto is its extreme volatility. You don't want to go to buy a pound of tomato and find its price is fluctuating when you move around in the supermarket. 1 Link to comment Share on other sites More sharing options...
MrJ2U Posted March 8, 2022 Share Posted March 8, 2022 9 hours ago, webfact said: would need to determine whether crypto can be seamlessly connected to existing payment systems. Seamless and Thailand. This will never work here. Link to comment Share on other sites More sharing options...
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