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.

Source: https://www.tronweekly.com 


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
    Embrace The Transformative Power Of Blockchain In Supply Chains
    In the ultra-competitive modern commercial world where time is at a premium and cost reduction is th...

    July 6, 2020

    Exclusive Interview With EMURGO Indonesia 
    ABR recently had a chat with the CEO of EMURGO Indonesia, Shunsuke Murasaki, on the traceability sol...

    July 2, 2020

    Blockchain Utopia: A Conclusion To Decentralized Governance
    We will explore the potential use of blockchain in bringing to life the concept of technological uto...

    June 30, 2020

    Karen New’s “Wish I Knew” : Unscripted
    ABR hosted a chat between DLF Holdings, Samuel Lay and a reputable serial technopreneur, Karen New o...

    June 23, 2020

    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