Thailand has introduced a new payment app called WORPT that enables foreign tourists to convert cryptocurrency into Thai baht and spend it at shops and restaurants by scanning local barcodes, eliminating the need for a Thai bank account. The app was developed by Wipay and Waan Exchange — the latter founded by Chaval Jiaravanon of the family behind Thai billionaire Dhanin Chearavanont's conglomerate. WORPT operates under the TouristDigiPay regulatory pilot program launched by the Securities and Exchange Commission of Thailand.