If 56 million people have bank accounts in Thailand (according to Gemini) and 3 million have been frozen, that means it is about one in twenty.
5.3%
Even if the new rules come into play that means, by rule of thumb, 5% of your payments do not get to you and are frozen.
That means PrompPay would have an implicit fee of 5%, more than credit cards.
Hmm.
Just rule of thumb, back of the envelope thinking.
#siamstr
And people accept that?
It all started with Covid-19(84)... cashless was the future. It was clean. It was efficient. Then a month ago they introduced measures to protect the young and elderly from scams... and yesterday it culimated in a mini bank run.
But to your question, do Thai people accept it? Yes, very much so. Many car parks are now Thai PromptPay only meaning a huge queue when a country bumpkin tries to leave and usually has to go to an office to pay. Many food courts are cashless.
Oblivious. There is no real movement that demands freedom in Thailand apart from a tiny group of bitcoiners...
Can people use SATs or lightning easily there? Would be good to avoid banks
Yes but.......
For example... I've only managed to convince one high school friend in my class. Everyone else thinks bitcoin is still a scam and that I'm trying to scam them.
Well either that or I got in early and it's too late for them.
I've had a couple new adopters lately, but yes, like covid, people are happy in their fiat prison.
People may have multiple bank accounts
Yes that number is people with bank accounts not bank accounts.
According to Gemini.
