Blockchain and technology analysts believe the Pheu Thai Party's digital wallet scheme could create a new digital payment infrastructure and stimulate the economy. The planned digital wallet scheme using blockchain was a party pledge during the campaign, aiming to stimulate growth. For those without access to the digital wallet app, they can use their national ID card to obtain a personal code in order to spend the digital money. Thanachart Numnonda, founder of IMC Institute, said there are many digital wallet apps, including the Paotang app, that have a large customer base, so there is no need to build a new digital wallet. The Pheu Thai digital wallet is a big project and rapid implementation as well as scaling up the project should be points of concern, said Mr Thanachart.

Source: Bangkok Post August 24, 2023 05:48 UTC