Thailand considers issuing its own electronic currency

[TranPi16]

If that is the truth then it is a good news for the people of THAILAN, that is a progressive country, I hope that one day not far from all the countries in the world will accept electronic money.

[thaoni23]

It is good to read the news like this. Crypto is slowly gaining national attention and it will be something that will help Crypto grow in the future

[Hammonds]

If that happens then it will be progress for Thailand in terms of e-commerce.
Because as far as I know, Thailand is a developed country in Southeast Asia than any other country.

[kipoel]

That e-currency created in thailand, will it also implement the blockchain technology, or it will just using regular electronic transaction system just like what already going all this time, like sending or paying any transaction using ATM or Credit Card?

[xbossJ]

Forward thinking economies will always consider working smart! Its a good dream!! The had a partnership with Omisego sometime in 2017,  maybe it was for this same reason! I hope this motivates other countries that are yet to reason in this direction. This actions would only add more credibility to cryptocurrencies!

[bagikoin]

Thailand saw that Crypto does have potential and they take advantage of it. It's certainly been good for the economy of Thailand and is good as a form of support is also against crypto. When this immediately realized then surely Thailand is one level more advanced in terms of technology and economy.

[Fredomago]

If that happens then it will be progress for Thailand in terms of e-commerce.
Because as far as I know, Thailand is a developed country in Southeast Asia than any other country.

In terms of developed, yes indeed Thailand have a good and well developed place from Southeast asian nation, if they will fulfill this it can be as useful as it is from tourism and payment processing, it will also bring another lift if more countries like them will fully adopt the system and use it in a daily process, crypto will have a wide supports and gained bigger value.

[U2018]

This is not a surprising news. More countries will issue their own coins in the future. The value of a coin issued by a country is related to the economic strength of its country.

[niublity]

I believe that every country in the world is researching and architecting blockchain technology. But all of these things are quietly carried out, and no one will stand up and express it clearly. But I believe that we will see more official news in the future, which is the trend of human development. We now need to wait for the perfection of the system

[hengha]

If this can become a reality, then I think this may push the market again, because there will be more people in Thailand who are concerned about the cryptocurrency market!

[organelles]

This is how it is going to be in the future if you ask me, all of the nations would have their own cryptocurrency that they would use as their official currency just like they have with cash right now. I would not be surprised if they create their own coins, it is only a matter of time before everyone goes cryptos and the early adopters would have the strongest coins

[CreamIce]

I wonder though how this will affect the paper Baht currency. I think mainly banks will use the blockchain to facilitate speed of transactions rather than stopping to print paper money. Although it will be good to see how Thailand emerges in this digital currency space and how it will progress. Any adoption of blockchain technology is a good thing in my books and as I want to visit Thailand one day with my Wife I will want to know by then at what level they implement it.

Its like someone read my mind and said the exact words before I could.
Its a good news in a lot of ways. I don't think the paper Baht will lose its value in any way. It will still continue to rule a majority of industries but even if digital currency is slow it still is progressive and a lot of nations will soon follow.

[arion6868]

wait, do they mixed up electronic currency with crypto? 

[Considered]

If they launch their own cryptocurrency then it would be a big win for the entire crypto industry since things like this will help to convince people that cryptos are not scams like they think it is. There is so much potential for the coins and I think that the countries that are adopting them now will end up having the strongest currencies when the world goes full crypto

[5thFear]

Thats a great news but i think there will be lot of paperwork that needs to be done to put blockchain under governments and even then only some of the coins will be under their rule and the rest will continue to florish on their own. Which is a good thing actually.

[dunfida]

If they launch their own cryptocurrency then it would be a big win for the entire crypto industry since things like this will help to convince people that cryptos are not scams like they think it is. There is so much potential for the coins and I think that the countries that are adopting them now will end up having the strongest currencies when the world goes full crypto

Only limited for their own coins but atleast they do make use of blockchain technology on such adoption but it doesn't mean it will completely affect the entire market of crypto.This is indeed a good news but not literally make an affect to the market.It wont really be a surprising thing for such country to make decisions because if they would see any benefits towards it then high chances that they would consider it.

[drumamat]

In addition to Thailand, this issue is considered by many countries and I am sure that after the release of their own national cryptocurrencies, the capitalization of cryptocurrencies will increase and prices accordingly.So looking forward to how this implementation will make Thailand.In general, the issue of issuing a national cryptocurrency is very relevant. Now, many countries are imposed with sanctions and it seems to me that it will be possible to get around these sanctions by using the national cryptocurrency.