Founder of Bitkub: Crypto tourism will increase Thailand's GDP sixfold – Bits Media

The CEO of the Bitkub cryptocurrency exchange, Jirayut Sroupsrisopa, called on the Thai authorities to create conditions to attract cryptocurrency tourists to the country.

Head of Thai trading platform Bitkub Jirayut Sroupsrisopa (Jirayut Srupsrisopa) at the seminar “Transformation tourism through cryptotourism"
stated, what in 2021 year, the cryptocurrency market capitalization increased to $3 trillion. This indicates, that the number of rich people in the world has increased, who make money on the cryptocurrency market.

He considers, that these people are potential investors, able to invest their money in the development of the Thai economy. You just need to create the conditions,  so that they want to come to the country. The head of Bitkub called on the Tourism Authority of Thailand (TAT)  abandon traditional marketing and focus on attracting cryptocurrency investors to the country.

He noted, that financial technology, in particular micropayments, allow them to work remotely from anywhere and get paid in cryptocurrencies. Southeast Asia is one of the most visited tourist destinations in the world. Many people choose to live there and work remotely due to the tropical climate, sandy beaches and relatively low cost of living. According to him, it was the tourism business that provided practically 20% Country's GDP before the coronavirus pandemic.

According to Sroupsrisop, Crypto investors could transform Thailand's economy if they live and work in the country. Actively attracting cryptocurrency investors could lead to an increase in gross domestic product (GDP) Thailand, which is on 2021 year is $500 billions.

“Our national GDP could grow sixfold, if we can strengthen this market".

Soopsrisops assured, that cryptocurrency companies are ready to provide any services for investors, who will come to live and work in Thailand. However, the country’s regulators should initiate a policy to attract investors to cryptocurrencies.

In September, the Tourism Authority of Thailand, in collaboration with local exchange Bitkub, reported, what will launch the TAT Coin token, to improve the economic situation in the country and keep up with the global cryptocurrency community. Also in 2018 year, the chairman of the expert council on tourism under the social policy committee of the upper house of the Russian parliament, senator Igor Fomin, said, что развитие криптотуризма — это перспективное направление, которое станет возможным при регулировании криптовалют российским законодательством. However, supporters of strict restrictions turned out to be stronger.