WORPT App Launches Crypto-to-Baht Payments for Tourists

MGR Online•Economy•34m ago

Reader Briefing

The WORPT application has been launched under the Tourist DigiPay Sandbox to allow foreign tourists to convert cryptocurrency into Thai Baht for spending.

•WORPT is a collaboration between Waanx and WiPay, supported by Tether.
•The service operates under the Tourist DigiPay Sandbox supervised by the SEC.
•The project aims to bring approximately 15 billion Baht into the Thai economy within 18 months.
•Target users include tourists from South Korea, Japan, Middle Eastern countries, and Southeast Asia.

Overview

•WORPT is an application developed through a partnership between Waanx, a digital asset exchange and broker, and WiPay, an e-Money service provider.
•Waanx received approval from the SEC to join the Tourist DigiPay Sandbox on September 25, 2026.
•The project expects approximately 150,000 active users to inject 15 billion Baht into the Thai tourism and economy over 18 months.
•The project aims to distribute approximately 1.95 billion Baht in income to local businesses and SMEs within the 18-month period.
•The Ministry of Finance estimates that if 35 million foreign tourists spend an average of 5,000 Baht more, it could generate 170,000–175,000 million Baht in circulation.
•Tether, the issuer of USDT, provides support to WORPT to encourage foreign tourists to convert digital assets for spending in Thailand.
•Leon Sing Foong stated that WORPT serves as an example of connecting digital assets with daily economic activities beyond trading or investment.
•The WORPT application is currently available for foreign tourists via the App Store and Google Play Store.

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Key Quotes

Pawin Chittiwongsamarn

"WORPT connects digital assets to real spending, allowing tourists to use Thai Baht in e-Wallets to pay via Thai QR PromptPay or Visa Prepaid without needing a Thai bank account."

WORPT จึงเข้ามาเชื่อมสินทรัพย์ดิจิทัลสู่การใช้จ่ายจริง โดยนักท่องเที่ยวสามารถนำเงินบาทใน e-Wallet ไปชำระเงินผ่าน Thai QR PromptPay หรือบัตร Visa Prepaid ได้โดยไม่จำเป็นต้องมีบัญชีธนาคารไทย

Key Entities

Organization

WORPT

An application that converts cryptocurrency to Thai Baht for spending via PromptPay and Visa Prepaid.

Securities and Exchange Commission(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์ (ก.ล.ต.))ℹ️

The regulatory body overseeing the Tourist DigiPay Sandbox and digital asset businesses like Waanx.

Ministry of Finance(กระทรวงการคลัง)ℹ️

The government body that estimated potential economic circulation from increased foreign tourist spending.

Waanx Co., Ltd.(บริษัท วาฬ เอ็กเชนจ์ จำกัด (Waanx))

A digital asset exchange and broker that partnered with WiPay to develop WORPT.

WiPay Co., Ltd.(บริษัท ไวเพย์ จำกัด (WiPay))

An e-Money service provider licensed by the Bank of Thailand that partnered with Waanx to develop WORPT.

Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️

The regulatory body overseeing the licensed e-Money provider WiPay.

Tetherℹ️

The issuer of the USDT stablecoin that supports the WORPT application.

The Mall Group Co., Ltd.(บริษัท เดอะมอลล์ กรุ๊ป จำกัด)

An organization whose representative participated in a discussion regarding digital asset spending.

Policy

Tourist DigiPay Sandbox

A project supervised by the SEC allowing digital asset businesses to test converting digital assets to Thai Baht for 18 months.

Person

Pawin Chittiwongsamarn(ปวิณ จิตติวงศ์สมาน)

Founder of WiPay Co., Ltd.

Leon Sing Foong(ลีออน ซิง ฟุง (Leon Sing Foong))

Director of Waanx Co., Ltd.

Woraluck Tulaphorn(วรลักษณ์ ตุลาภรณ์)

Chief Marketing Officer of The Mall Group Co., Ltd.

Boonyavee Plaiphan(บุณยวีย์ พลายพันธุ์)

Thailand Country Manager from Tether.

Place

Thailand(ประเทศไทย)ℹ️

The country where the WORPT application is used to spend converted cryptocurrency.