Thai baht stablecoin is a crypto token created using the Thai baht as a base (1 coin = 1 baht). It is like taking the original Thai baht and re-wrapping it into a digital form, which is called a “stable coin” because it does not fluctuate like Bitcoin or Ethereum, which have high prices and then plummet.
The purpose is to allow people to use this token in a simple digital system without having to risk the volatility of the general crypto price and still maintaining the stability of the real baht.
Simply put, the baht is intangible but can be used instead of real money in the digital world. No need to carry cash, no need to wait for the old transfer system that is slow and has fees.
Thai baht stablecoin how is it useful?
- Speed up digital transactions
- Reduce cross-border transfer fees
- Can be used with Blockchain systems
- Make Thai and international businesses more easily connected
How does Thai Baht Stablecoin Programmable Payment work?
Thai Baht stablecoin Programmable Payment has THBK coins designed to be an innovative way to pay for goods and services, which can be applied to financial services quickly and securely on Programmable Payment.
In addition, there are details of the functions as follows:
- Fixed value 1 THBK = 1 baht
- Control usage with secure Smart Contracts
- Guaranteed payment when purchasing goods and services
- Supports cross-chain interoperability
What is Thai Bath Progammeble Payment
Thai Baht Programmable Payment is a payment system that uses the digital baht. But it’s not just a normal payment. It’s a payment that can be “programmed” or, simply put, pre-set rules on how to pay, when to pay, and what to do with the money automatically via a digital system.
Imagine:
- You pay your rent every month, but you don’t want to forget or wait for your landlord to ask for it.
- The system will program the money to be transferred automatically on the first of every month.
- Or if the goods are not delivered on time, the system will not pay or refund automatically.
- This is the magic of “programmable payment” — it is like ordering money to follow the rules you set.
Thai Baht StableCoin or digital baht does not fluctuate in price, has high reliability, and is suitable for practical use in business.
SummaryThai Baht Programmable Payment
“A digital baht payment system that can be programmed to control automatic payments according to pre-defined conditions.”
note: Programmable Payment Test Project under the Enhanced Regulatory Sandbox
THBK is an innovation for payment of goods and services designed to be applied to financial services quickly and securely on Programmable Payment.
Programmable Payment (THBK) is an electronic data unit that has a fixed value based on the value of the Thai baht (1 THBK is equal to 1 baht) with a mechanism to maintain value in the form of a Thai baht deposit in an amount not less than the value of the THBK created.
What do you think about Thai baht stablecoin? Tell us in the comments.
Reference : Bitkub
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