The Tourism Authority of Thailand (TAT) is expecting to introduce its own crypto token called TAT Coin, as part of its ‘cryptourism’ campaign. It is an initiative intended to lure some of those rich crypto investors, who can increase the GDP of the country.

According to reports, the CEO and founder of the crypto exchange Bitkub, Jirayut Srupsrisopa has suggested authorities of Thailand to introduce the TAT coin.

Notably, the tourism sector of Thailand is responsible for about 20% of the GDP prior to the pandemic. As per Srupsrisopa, crypto holders could transform the economy of Thailand if they settle in the nation. TAT has been in dialogue with the Thailand Stock Exchange about the issuance of TAT Coin and is now awaiting acceptance from Thailand’s government.

Srupsrisopa revealed that the private crypto industry is wishing to support the TAT coin. However, he said that for that to take place, the government has to decide policies needed to promote access to the crypto market.

Also, the CEO of Thailand’s native crypto exchange also anticipates the Thai GDP to boost by over 600% – only if the government provides the crypto market the support it requires.