Thailand: Where, How, and What you can buy for bitcoins
Somewhere cryptocurrencies are legal, somewhere — not. The Kript team decided to figure that out and started making a new series of reviews: we tell you where, how, and what you can buy with bitcoins.
Country: Thailand
Cryptocurrency payments are legal in Thailand. Thailand’s Digital Assets Business Decree defines cryptocurrency as a medium for exchanging. According to the law introduced in May 2018, cryptocurrency is treated like any other form of income and is subject to 15% withholding tax. Up to date there are quite a lot of businesses accepting cryptocurrency payments in Thailand.
What you can pay for
Travel services in Asia
Smiling Albino is a Bangkok-based travel company offering tailored adventures in Southeast Asia. The company started accepting Bitcoin payments in August 2017. Currently it offers trips in Thailand, Vietnam, Cambodia, Laos, Myanmar, Nepal as well as multi-country trips.
Four Wheel Travel Ltd is a German company located in Bangkok and specializing in consulting and service in the 4x4 expedition tourism in Southeast Asia. It offers a wide range of services in the field of expedition tourism such as travel route preparation, application for Asian vehicle documentation and insurance, assistance in the vehicle shipment to and from Southeast Asia, interpreter services, guided jeep safari expeditions for self-drive, camping trips, and more. The services of the company can be paid in Bitcoin, Ethereum, Litecoin or CTX.
Legal services
Pugnatorius Ltd. is a Bangkok-based specialist provider of transactional legal and tax advice on foreign investments. The company is focused on foreign direct investments in Thailand’s industries and has a particular expertise in the areas of investment promotion, renewable energy, the hotel and hospitality sector and more. All fees to the company can be made in Bitcoin or Ethereum.
Foreign-managed business activities
Bangkok-based Indo-Siam Group operates in three main practice areas — Bangkok staff services, Thai trade data services and Thai start-up services. The core business of the company is supplying high quality support to foreign-managed business activities operating within Thailand. The services of the company can be paid with Bitcoin.
Apartment rent
Star Beach & View Talay Condominiums in Pattaya and Bangkok online service offers apartments for rent in Thailand. Apartments in the condominium can be paid in Bitcoin, XRP or XMR.
Food and drinks in a bar
Pattaya Beer Garden is a local bar located on the seashore in Pattaya. It offers different meals and drinks and accepts Bitcoin Cash in payment for all services.
Graphical design and digital marketing services
Logo BKK specializes in logo design, web design, digital marketing and marketing automation services for businesses in Asia. The company accepts Bitcoin payments.
Automatic water sprinklers for garden
SprinklerHome offers a sprinkling system for automatic garden watering. It provides all the necessary equipment and related services. The company accepts Bitcoin payments.
Movie tickets
Thailand’s Major Cineplex Theater started accepting cryptocurrency payments for its products and services in July 2018. The option became available through partnership with Rapidzpay payment company. Its point-of-sale system is set to accept payments in Bitcoin, BitcoinCash and Litecoin.
How to pay
Shopify: e-commerce platform supporting many payment gateways in Thailand such as 2Checkout, Coinbase Commerce, BitPay and more. The platform enables bitcoin payments with low fees and no chargebacks.
CoinPay: Cryptocurrency merchant service in Thailand. It allows making payments in Bitcoin, Litecoin, Bitcoin Cash and Dash with the use of Printable Bitcoin QR codes and Mobile app.
Bitcoin ATMs
According to Coin ATM Radar service, currently there is only 1 ATM in Thailand, located in Chiang Mai. With the use of this ATM you can easily buy or sell Bitcoin as well as some other cryptocurrencies.
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