This article was first published on Everex - Medium
With its beautiful islands, rich culture, and hospitable people, Thailand attracts millions of tourists every year, particularly from Europe and the United States, who flock to the Southeast Asian nation to experience its eclectic heritage and vibrancy. In fact, Thailand’s Tourism Ministry reported that the Kingdom welcomed a record 38.27 million visitors in 2018 — a 7.5% increase from the previous year, placing Thailand among the top 10 tourist destinations in the world.
With this in mind, the Everex team has made strides in offering convenient money and currency exchange solutions for travelers visiting Thailand so that they can make the most out of their vacation. In fact, we have begun rolling out our services into the EU market starting in France and Germany where users can now use the Everex Wallet for a variety of money transactions, including fund transfers and crypto-to-fiat exchanges. To facilitate this, we have added Euro support to the Everex Wallet, and it will be possible to interchangeably convert between Euros, crypto, and other fiat currencies within our platform. This is great news for visitors from the EU who are seeking an easy way to access and exchange funds while in Thailand!
This is particularly crucial given that visitors spend more money in Thailand than in any other destination in Asia. According to a report by Bloomberg, travelers collectively spent USD 57 billion in the country in 2017, outranked only by visitors traveling to France and Spain. This highlights a need to meet the needs of those who seek to transfer or exchange funds in the country.
While other money services exist in the market, they often have setbacks that come at the expense of users. To use ATMs abroad, banks levy €6.5 per transaction and give unfavorable exchange rates when using debit or credit ...
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Everex - Medium