With its beautiful islands, rich culture, and hospitable people, Thailand attracts millions of tourists every year, particularly from Europe and the United States, who flock to the Southeast Asian nation to experience its eclectic heritage and vibrancy. In fact, Thailand’s Tourism Ministry reported that the Kingdom welcomed a record 38.27 million visitors in 2018 — a 7.5% increase from the previous year, placing Thailand among the top 10 tourist destinations in the world.

With this in mind, the Everex team has made strides in offering convenient money and currency exchange solutions for travelers visiting Thailand so that they can make the most out of their vacation. In fact, we have begun rolling out our services into the EU market starting in France and Germany where users can now use the Everex Wallet for a variety of money transactions, including fund transfers and crypto-to-fiat exchanges. To facilitate this, we have added Euro support to the Everex Wallet, and it will be possible to interchangeably convert between Euros, crypto, and other fiat currencies within our platform. This is great news for visitors from the EU who are seeking an easy way to access and exchange funds while in Thailand!

This is particularly crucial given that visitors spend more money in Thailand than in any other destination in Asia. According to a report by Bloomberg, travelers collectively spent USD 57 billion in the country in 2017, outranked only by visitors traveling to France and Spain. This highlights a need to meet the needs of those who seek to transfer or exchange funds in the country.

While other money services exist in the market, they often have setbacks that come at the expense of users. To use ATMs abroad, banks levy €6.5 per transaction and give unfavorable exchange rates when using debit or credit cards from the EU, while remittance services such as Western Union charge anywhere between 10% to 15% of the total amount to be transferred. Bitcoin exchanges, on the other hand, require those seeking an exchange to have a local bank account and are exposed to a high degree of volatility.

We set ourselves apart by offering a service that does not subject users to the above mentioned issues. When using the Everex Wallet, users are guaranteed the best exchange rate available with no extra fees. Local currency will soon also be available for instant withdrawal at certain ATMs without the need for a local bank account or a plastic card and at no cost to the user. Most importantly, users are not exposed to crypto price volatility given that we provide a stablecoin called THBEX to hedge the risks involved. We also will offer a 50% discount on all fees if users hold our EVX token in their Everex Wallet — a deal not offered by many of our competitors in the market.

Traveling to Thailand should be an enriching experience without the need to worry about your funds. The Everex team strives to make sure that you get to savor the sights, flavors, and encounters you come across free of the extra fees, exchange rate volatility, and cash withdrawal issues. So if you are a traveler from the EU who is planning to come to Thailand, we invite you to take a look at our website for more information about how Everex can benefit you on your travels.

We hope you enjoy your trip to Thailand!