Doctor Anywhere’s transactions have grown by up to 400% year-on-year.

Foodpanda’s business crisis is impacting riders’ wallets as orders have decreased after an incident during a pro-democracy movement.

Thai citizens lifted trading volumes on crypto exchanges to USD 2.5 billion in 2020, according to a report published by the Bank of Thailand in April. 

“The protesters don’t want to reach out to the company because they never take it seriously,” a Foodpanda rider told KrASIA.

The full rollout may take three to five years, but the Bank of Thailand expects demand for the e-baht to surge over time.

With the crypto industry riding on tailwinds, local exchanges have joined the fray.

Thailand has similar agreements with Vietnam, Malaysia, Cambodia, and Singapore.

Experts predict the Chinese e-yuan to be available nationwide after the Beijing 2022 Winter Olympics. Across Asia, other nations are also developing their own CBDCs.