Buy USD Coin with PromptPay

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How to Buy USD Coin with PromptPay in Thailand

Steps to Buy USDC with PromptPay in Thailand

Thailand is increasingly receptive to USD Coin and is taking steps to integrate it into its financial ecosystem. To buy USDC in Thailand via Paybis, follow these simple steps:
  1. Become a Paybis user by signing up. It is free.
  2. Choose the USDC to buy and enter the amount.
  3. Complete the transaction and get USDC in the wallet of your choosing.
In three simple steps, you would have bought USDC with PromptPay in Thailand.

Thailand and Cryptocurrency: A Maturing Relationship

Thailand has shown significant interest and growth in the USD Coin market, positioning itself as a key player in the Asian region.

The country's USD Coin market is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.5% from 2024 to 2030. This growth is being driven by several factors, including a favorable regulatory environment, the expansion of blockchain startups, and increased investments by angel investors and venture capitalists.

Now, with the availability of convenient payment methods like PromptPay to buy cryptocurrency, Thai citizens have more financial flexibility at their disposal.

Is It Legal to Buy USDC in Thailand

Yes, it is completely legal to buy USDC in Thailand.

One notable development in Thailand's approach to USD Coin is the elimination of the 7% value-added tax (VAT) on USD Coin trading. This decision by the Finance Ministry of Thailand is a major step in promoting the adoption of digital assets in the country and positions Thailand as a frontrunner in digital asset adoption in the region.

The aim is to attract investment and establish Thailand as a regional hub for innovation in the field of cryptocurrencies. The integration of PromptPay is a step towards the right direction in realizing this ambition.

Benefits of Using PromptPay to Buy USDC in Thailand

Using PromptPay to buy USD Coin in Thailand provides a seamless and rapid transaction experience, enabling users to quickly transfer funds without the need for traditional banking processes. This efficiency is particularly beneficial in the fast-paced world of USD Coin trading.

PromptPay is widely accessible in Thailand, making it a convenient option for a large number of users. Its integration with various Thai banks and financial institutions ensures a high level of security and trust.

Additionally, the use of PromptPay often comes with lower transaction fees compared to other payment methods, making it a cost-effective choice for USDC purchases.