Talks are underway between the Phuket Tourist Association (PTA) and the Bank of Thailand (BOT) to find alternative payment methods, including cryptocurrency, for Russian tourists visiting the country. The effort comes after Visa and Mastercard suspended support for Russian-issued cards outside the country, adding to the pressure on Moscow to end its military assault on Ukraine.
Bhummikitti Ruktaengam, the Phuket Tourist Association’s president, has recently discussed the possibility of allowing Russian tourists to use cryptocurrencies as an emergency measure, a backup option, if fiat transactions cannot be processed.
