The resolution of political drama and appointment of Srettha Thavisin as Thailand’s next Prime Minister means a 10,000 THB ‘airdrop’ is likely happening.
where every Thai citizen will receive 10,000 thai bahtThe 10,000 baht would be given to every Thai citizen 16 years and over, and can only be spent within four-kilometers of their home, a party spokespersonThe airdrop will use a form of national token, not an existing digital asset or cryptocurrency. Vendors will be able to convert it to cash at designated banks.
This project has had its share of critics because of the sheer cost, estimated to be at 500 billion THB and the use of blockchain technology when there are existing digital banking initiatives already in use in Thailand. “While I want to see an adoption of Blockchain here, using blockchain and tokens for this campaign is an overkill,” Udomsak Rakwongwan, the co-founder of, a decentralized derivatives platform, told CoinDesk. “The majority of Thais are already using Paotang, a digital banking wallet tailored for government initiatives. This may be simpler and easier to implement compared with a potentially more complex blockchain.
Udomsak anticipates that the new administration will continue to put forward more lenient crypto regulation which will lead to a surge in Thai crypto projects. “Thailand's crypto landscape is evolving rapidly,” he says, pointing to Sansiri’s involvement with ICOs.Although Srettha likely sees little in common with Pita Limjaroenrat, the leader of Thailand’s Move Forward Party, which
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