WORPT Launches Stablecoin-to-Baht QR Payments for Thai Tourists

WORPT has launched a digital wallet that allows international tourists in Thailand to convert supported stablecoins into baht and pay merchants through Thai QR PromptPay. The companies behind the service announced its availability on October 26, positioning it as a connection between visitors’ cryptocurrency holdings and local spending.

The application supports USDT and USDC, according to the launch announcement. Users deposit supported digital assets, convert them into Thai currency and use the resulting funds for purchases, rather than transferring cryptocurrency directly to shops.

WORPT was jointly developed by Waan Exchange, known as Waanx, and electronic money provider Wipay. The companies describe Waanx as a digital asset exchange and broker regulated by Thailand’s Securities and Exchange Commission, while Wipay operates under Bank of Thailand supervision.

The service operates within the Tourist DigiPay regulatory sandbox, and the announcement says Waanx received SEC approval to participate. WORPT says its procedures include identity verification, transaction monitoring and anti-money laundering measures required under the framework.

Thailand’s government outlined TouristDigiPay in 2025 as an 18-month trial intended to facilitate visitor spending through digital asset conversion. Government explanations stressed that the initiative was not designed to promote cryptocurrency as a direct payment method: participating shops would continue receiving baht through conventional payment arrangements.

That distinction is central to the wallet’s model. For merchants, the transaction remains a local-currency payment through existing infrastructure; the digital asset deposit and conversion take place on the customer’s side. The approach connects cryptocurrency holdings with retail purchases without requiring merchants to accept those assets themselves.

The wider payment setting is already established. The Bank of Thailand describes PromptPay as an important part of the country’s digital payment infrastructure and has expanded payment connections with other markets. WORPT’s proposition is to connect supported crypto balances to that domestic payment experience, rather than build a separate merchant acceptance network.

For travelers, the intended benefit is a single application covering deposits, conversion and spending. However, the launch announcement does not establish that using the service will be cheaper than cash exchange or other payment options, and its availability should not be read as evidence of universal merchant acceptance.

The companies also plan physical and virtual Visa prepaid cards, with a shared baht balance intended to support both QR and card payments. According to the announcement, that arrangement would remove the need to move funds separately between the two channels once the card services become available.

WORPT’s stated timetable calls for physical prepaid cards in mid-November 2026 and virtual cards in early 2027, alongside a formal launch event in November. The company also plans to broaden supported digital assets, while the government has said the wider sandbox will be evaluated before any decision on longer-term expansion.