Thailand has launched the WORPT app, allowing foreign tourists to convert cryptocurrencies into baht and pay for goods and services through QR codes. The service enables such payments without a local bank account, while merchants receive funds in Thailand’s national currency rather than cryptocurrency.

The developers of the Wipay service and Waan Exchange announced the launch.

WORPT operates under the Tourist DigiPay program. Waan Exchange received approval from Thailand’s Securities and Exchange Commission to participate in the regulatory sandbox, while Wipay provides the payment infrastructure.

The app supports the USDT and USDC stablecoins. Users fund their WORPT balance with digital assets, convert them into Thai baht and pay through the Thai QR PromptPay system. The service also includes identity verification and transaction monitoring.

User and transaction targets

WORPT co-founder Pavin Jittivongsamarn said the company plans to attract 200,000 users during its first year. The company forecasts transaction volume of 15 billion baht, or about $440 million, over 18 months of testing.

The app is aimed primarily at tourists from South Korea, Japan, the Middle East and Southeast Asia.

The developers also plan to add Visa prepaid cards. They expect to introduce physical cards in mid-November 2026 and virtual cards in early 2027.

Thai authorities previously presented an initiative allowing foreign tourists to convert crypto assets into baht for payments through regulated providers.

Source: Incrypted