Exchange volumes from the country have followed world trends!

LOCAL BITCOINS EXCHANGES IMPLEMENTING!

 Exchange volumes from the country have followed world trends, and Thais are eager to participate. “There are 37 bitcoin brokers in Thailand registered on LocalBitcoins, some with more than 1,000 bitcoins in assets. Prices for bitcoin are about 13% higher in Thailand than in the US, a sign of high demand for this cryptocurrency,” local media claim. There’s only one bitcoin ATM, and two larger exchanges are implementing know-your-customer constraints such as uploading pictures from passports.Where Thais seem to be trading mostly is in the comparatively easy Localbitcoins exchange, as identification requirements aren’t as burdensome. This is especially important in a country where less than four in ten adults are formally banked, limiting their access to capital and credit in traditional ways. In such a cash-heavy economy, meetings organized such as Satoshi Square in Bangkok can be a lifeline to the world of investing, even if somewhat unorthodox. “My girlfriend knows about it because of me,” a group member is quoted, “and she is super interested because it makes sense and is all on the computer. People these days spend their lives on laptops and mobile phones,” he explained.