The digital economy will be a key sector driving Thailand’s economic growth and may outweigh the physical economy in value in the next 5-10 years, said Jirayut Srupsrisopa, chief executive and co-founder of Bitkub Capital Group Holdings.
He said financial businesses will enter the 3.0 era at the time and believed paper money will be completely substituted by cashless payments and digital currencies.
“Looking at the history of finance, how people pay and use money has transformed every 50 years and often after a crisis, as exemplified by the prospect of a digital baht and yuan that are expected to be launched for use in 2022,” Mr Jirayut said.
Financial institutions and businesses…
