WORPT App Launched in Thailand for Payments via USDT and USDC

In Thailand, the WORPT application is operational, allowing foreign tourists to exchange stablecoins USDT and USDC for baht and make purchases via QR code. Developers Wipay and Waan Exchange announced the availability of the service back on October 26, 2026. New details about the project became known on November 12–13.

How WORPT Payments Work

The application operates under the regulatory program Tourist DigiPay. Waan Exchange (Waanx), approved by the Thai SEC for testing, converts assets into baht. Wipay manages the electronic wallet and payments through Thai QR PromptPay. The seller receives baht, not cryptocurrency.

Tourists do not need a local bank account but must register and undergo identity verification with a passport equipped with an NFC chip. According to Wipay, the initial exchange fee is 1.5%.

What Restrictions Apply to Tourists

According to WORPT's terms, the maximum balance of the electronic wallet is 100,000 baht, and the basic monthly spending limit is 300,000 baht. Additional limits depend on the type of seller. Cash withdrawal of baht obtained from cryptocurrency exchange is not allowed; unused balance can be converted back into digital assets.

The service does not permit direct cryptocurrency payments: all purchases are made in baht. The program is designed for a testing period of up to 18 months.

Developers' Plans

According to Bloomberg, Wipay aims to attract up to 200,000 users in the first year and facilitate payments of 15 billion baht, approximately $440 million, over 18 months. This is a forecast, not actual turnover. The main audience is tourists from South Korea, Japan, the Middle East, and Southeast Asia.

The developers also plan to launch physical prepaid Visa cards in mid-November 2026, and virtual ones in early 2027. Their issuance has not yet been confirmed.