Thailand embraces crypto wallets for nationwide airdrop
Thailand’s new government is utilizing blockchain and crypto wallets to disburse $280 cash handouts to citizens. According to a report on Sept. 7, Thailand’s newly appointed government, Pheu Thai, is gearing up to utilize digital ledger technology to facilitate its economic stimulus initiative. Although specifics are yet to be revealed, it has been confirmed that the financial aid, amounting to 10,000 Thai baht (approximately $280), will be orchestrated through a blockchain system, ensuring high security and full traceability of the transactions. At this stage, whether the government will employ an existing blockchain solution or develop a bespoke system for this initiative remains unclear. Beneficiaries of this scheme will receive a digital wallet , which will be operational for six months, allowing them to make purchases at local establishments within a four-kilometer radius of their registered residences. This move is anticipated to bridge the gap in digital money...