The upcoming Thai elections have taken an unusual turn, as the opposition party, Pheu Thai, has offered to distribute digital currency to its citizens if they win. According to the opposition party’s claim, every Thai citizen over the age of 16 will receive approximately $300 worth of digital currency.
The proposal, supported by Pheu Thai’s prime ministerial candidate Srettha Thavisin, intends to stimulate the local economy through the use of blockchain technology. Thavisin’s initiative is to give financial help to Thai citizens, with the potential to strengthen the country’s economy through increased spending and investment.
A media organization broadcasting in English in Thailand shared this news on its official Twitter account, delivering the good news to Thai citizens. The local community’s response to this proposal will be revealed during the elections.
Promising Cryptocurrencies as Part of Election Campaigns is having a Positive Impact on the Leaders of the Cryptocurrency Industry
The promise of cryptocurrency as part of an election campaign is a relatively new phenomenon, but it has grown in popularity in recent years as more nations accept digital currencies. The move might also be interpreted as a means for political parties to reach out to younger people who are more familiar with cryptocurrency.
Eventually, the Pheu Thai party’s promise to distribute digital currencies to its citizens if elected is a bold step that shows the growing importance of cryptocurrencies in our lives. More and more countries throughout the world are recognizing the potential benefits of digital currencies, such as enhanced financial inclusion and a boost to local economies. The acceptability of cryptocurrencies as a viable form of currency is further shown by their inclusion in mainstream politics.