Thai Dental Clinic Accepts Payments in Electroneum (ETN)

Asia Blockchain Review
July 16, 2019

Thailand has become one of the first countries in Southeast Asia where businesses are open to using cryptocurrencies as payment. Last year, the country’s Securities and Exchange Commission (SEC) began issuing licenses for crypto exchanges, in a sign of positive sentiment toward digital assets and currencies.

According to a report by Tron Weekly, a dental clinic in Thailand now accepts mobile-based cryptocurrency Electroneum (ETN) as a form of payment. The clinic claims to be “the first dental clinic in Thailand to accept Electroneum,” according to a tweet by Dr. Suchat Thongwimolpan, the dentist and crypto enthusiast who operates the clinic. 

Blockchain Adoption Thrives in Southeast Asia

Blockchain and cryptocurrencies, although generally accepted as innovative technologies with the potential to revolutionize global digital development in the near future, have faced hurdles preventing its adoption in many countries. 

However, Southeast Asian countries are paving the way for the technology’s use cases, as seen in instances of positive lawmaking decisions. Regulators in the region are reportedly studying the possibilities and potentials that can be explored with blockchain and virtual currencies, as well as how to capitalize on the technologies. 

Thailand Prepares for the New Digital Era 

Thailand has indicated that it is more open to crypto-related businesses, as its financial markets regulator, the SEC, has approved four cryptocurrencies — Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Stellar (XLM). 

The regulations — initially meant to prevent scams after the emergence of several dubious initial coin offerings (ICOs) — are constantly being revised in response to the trends in the crypto industry.

The advantages of using cryptocurrencies are gaining recognition, and all eyes are turning to the region for the latest movements in the ever-developing cryptosphere.


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Blockchain: Fine-tuning the Music Industry
Music might be in need of another tech disruption in the form of blockchain.

July 17, 2019

Graph Blockchain Secures Contract with South Korean Transport Ministry
The pilot project is for storing traffic data on a blockchain network as part of the Smart City nati...

July 13, 2019

Hong Kong, a Great Place for Blockchain Startups
It is quite evident that Hong Kong is quite rapidly developing to be a blockchain hub in the region ...

July 12, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us