The popularity of Bitcoin payments has begun to spread to Asia.
“Thailand to pilot cryptocurrency payments in Phuket”
#Nostr #Thailand
https://cointelegraph.com/news/thailand-pilot-cryptocurrency-payments-phuket
Discussion
Sounds good, but then the article details the following: „The program, aimed at integrating digital currency into everyday transactions, will allow tourists to register Bitcoin through a Thai exchange and verify their identities before making purchases.“
Quite the disappointment, as this goes squarely against the original purpose of bitcoin!
I'm not sure, I think that users who need to buy Bitcoin on the exchange need to register and authenticate. Users who may have a Bitcoin wallet can pay directly with Bitcoin. Merchants will directly settle in Thai baht after receiving Bitcoin payments. The article gives an example that people in Ukraine can buy real estate in Phuket directly with Bitcoin. In any case, this is a good thing.
We can ask nostr:npub1evyyvw07frve02gdqxk5f3y66k8pw6tvu63enm0u3xadgtck2q4q0ld6wx for details of these things.
Maybe, but it clearly states that „allow tourists to register Bitcoin through a Thai exchange and verify their identities before making purchases.“ This seems to be the case even for ppl who already have (KYC or nonKYC) BTC.