WORPT launched under Thailand’s regulatory sandbox, allowing tourists to use USDT、USDC to exchange for baht spending
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AT A GLANCE
WORPT Reportedly launched under Thailand’s regulatory sandbox, allowing foreign tourists to exchange USDT、USDC for baht and then make purchases by scanning a QR code.
Article
Thailand crypto payment app WORPT launched, allowing foreign tourists to USDT、USDC exchange for baht spending
PANews October 27 reported, citing GlobeNewswire, that the crypto payment app WORPT has launched under Thailand’s Tourist DigiPay regulatory sandbox. Foreign tourists can convert USDT、USDC into Thai baht and then pay via Thai QR PromptPay, while merchants receive baht.WORPT was jointly developed by digital asset exchange Waan Exchange(Waanx) and electronic money service provider Wipay. The former was approved by Thailand’s Securities and Exchange Commission (SEC); the latter is regulated by the Bank of Thailand. Partners include Tether, The Mall Group, and Visa.WORPT plans to November launch a physical Visa prepaid card in mid-; the virtual card will go live in early 2027 year.
PANews October 27 citing GlobeNewswire, reported that the crypto payment app WORPT has launched under Thailand’s Tourist DigiPay regulatory sandbox.
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Foreign tourists can convert USDT、USDC into baht and then pay via Thai QR PromptPay, while merchants receive baht.
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WORPT was jointly developed by digital asset exchange Waan Exchange(Waanx) and electronic money service provider Wipay.
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The original text states that Waan Exchange was approved by Thailand’s Securities and Exchange Commission, while Wipay is regulated by the Bank of Thailand.
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The partners listed in the original text include Tether, The Mall Group, and Visa.
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WORPT plans to November launch a physical Visa prepaid card in mid-; the virtual card is planned for 2027 early in the year.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The service is intended for foreign tourists: tourists first convert USDT or USDC into baht, then use Thailand’s Thai QR PromptPay for payment; merchants actually receive baht, not crypto assets.
Why it matters to readers
It adds a travel spending use case for USDT and USDC while allowing merchants to continue receiving baht.
Newcomers should distinguish between “tourists using crypto assets to exchange for baht” and “merchants directly accepting crypto assets”: the original text describes first converting to baht and then completing a local payment.
Risks and unknowns
The material is a report by PANews citing GlobeNewswire and does not provide an original announcement link from a regulator or the project team.
The original text does not specify the service’s coverage, conversion fees, exchange rates, usage requirements, or specific launch scale.
The physical Visa prepaid card and virtual card remain planned; whether they will launch on schedule has not been confirmed.
The original text does not specify the specific responsibilities of each partner.
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Related concepts
USDT
Cryptocurrency assets held by the example wallet mentioned in the text.
