{"id":19591,"date":"2023-04-08T00:32:34","date_gmt":"2023-04-08T00:32:34","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/pheu-thai-candidate-promises-digital-currency-airdrop-of-300-to-every-citizen-in-thailand-if-elected-bitcoin-news\/"},"modified":"2023-04-08T00:32:34","modified_gmt":"2023-04-08T00:32:34","slug":"pheu-thai-candidate-promises-digital-currency-airdrop-of-300-to-every-citizen-in-thailand-if-elected-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/pheu-thai-candidate-promises-digital-currency-airdrop-of-300-to-every-citizen-in-thailand-if-elected-bitcoin-news\/","title":{"rendered":"Pheu Thai Candidate Promises Digital Currency Airdrop of $300 to Every Citizen in Thailand if Elected \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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A Pheu Thai candidate running for prime minister of Thailand position, Srettha Thavisin, has promised that every citizen in the country will receive 10,000 Thai baht ($300) in digital currency if he wins the general election in May. However, a minister within the prime minister\u2019s office in Thailand is concerned and has explained that the proposed airdrop could pose major challenges with specific implications.<\/strong><\/p>\n

Thailand Prime Minister Candidate\u2019s $300 Airdrop Promise Raises Concerns<\/h2>\n

On Wednesday, Srettha Thavisin, a Pheu Thai candidate for prime minister of Thailand, declared that if his party wins the general election, the government will airdrop 10,000 baht in digital currency to every citizen in the country who is 16 years old or older. The Bangkok Post was the first to report<\/a> on the story after it was revealed by the Pheu Thai chief adviser, Paetongtarn Shinawatra, on Wednesday.<\/p>\n

Thailand wouldn\u2019t be the only government to airdrop digital currency to its citizens, as the government in El Salvador airdropped<\/a> $30 worth of bitcoin (BTC<\/a>) to citizens who were Chivo wallet users. According to the Bangkok Post report, the Pheu Thai party\u2019s initiative is aimed at attracting crypto assets and blockchain innovation to Thailand. However, the free money must be spent within a \u201c4-kilometer community radius within six months\u201d of the project\u2019s first phase, as stated by Bangkok Post reporter Supoj Wancharoen.<\/p>\n

Thanakorn Wangboonkongchana, a minister in the prime minister\u2019s office, is concerned about the proposed airdrop and wants \u201cmore details.\u201d He also noted that \u201ccreating a digital currency would be a major challenge with implications for Thailand\u2019s entire financial system,\u201d according to the Bangkok Post report. Wancharoen also shared an opinion from Preeyaphat Raksasana, a second-year university student, who questioned where the funds for the airdrop would come from.<\/p>\n

\u201cThe policy is disgusting,\u201d Raksasana said. \u201cDo they really think most people are that foolish?\u201d<\/p>\n

Since the Covid-19 pandemic, \u201chelicopter money\u201d or one-time direct stimulus payments to citizens has become a norm in several countries. A number of politicians across the world have proposed giving stimulus airdrops to citizens, and some have even supported schemes like universal basic income (UBI). In June 2023, Thailand\u2019s government created a stimulus package worth 140 billion baht ($4.5 billion), with a good portion of the funds being allocated for one-time direct stimulus payments.<\/p>\n

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Airdrop<\/a>, airdrops<\/a>, Baht<\/a>, Bangkok Post<\/a>, Bitcoin<\/a>, blockchain innovation<\/a>, chivo wallet<\/a>, Citizens<\/a>, community radius<\/a>, Covid-19 pandemic.<\/a>, crypto assets<\/a>, Digital Currency<\/a>, direct payments<\/a>, El Salvador<\/a>, financial system<\/a>, Funds<\/a>, general election<\/a>, Government<\/a>, helicopter money<\/a>, Paetongtarn Shinawatra<\/a>, Pheu Thai<\/a>, politicians<\/a>, Preeyaphat Raksasana<\/a>, prime minister<\/a>, schemes<\/a>, Srettha Thavisin<\/a>, stimulus<\/a>, Stimulus Package<\/a>, Supoj Wancharoen<\/a>, Thai Baht<\/a>, thailand<\/a>, Thanakorn Wangboonkongchana<\/a>, Universal Basic Income<\/a><\/div>\n<\/div>\n

What are your thoughts on the use of airdropped digital currencies as a form of economic stimulus, and do you believe it could have positive or negative implications for Thailand\u2019s financial system? Share your thoughts in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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