A candidate for prime minister in Thailand has pledged to grant each citizen 10,000 Thai baht (approximately $300) in digital currency if his party wins the upcoming May general election.

Srettha Thavisin, the opponent, is a real estate magnate and the candidate for the Pheu Thai party. If his party forms the government after the upcoming election, he promises an economic stimulus package in the manner of a basic income using “digital currency.”

According to the Bangkok Post, some local stakeholders refer to the initiative as a “marketing ploy,” whereas others argue that it is the most effective method for distributing economic stimulus. It is not surprising that politicians are beginning to consider digital currencies as an instrument for economic stimulation, given their rise.

Efficiency Debate Over $300 Digital Currency Airdrop in Thai Election Promise

The promise of a digital currency airdrop is a novel approach to political campaigning, and its effectiveness in attracting electors remains to be seen. It is important to note, however, that Thailand is not the only country to distribute digital currency to its citizens. Similar proposals have been considered in other nations, but none have yet been implemented on a large scale.

Digital currencies are not yet broadly accepted, so they may not be an effective economic stimulant, according to the plan’s detractors. In contrast to traditional methods such as tax rebates or direct payments, proponents of the plan argue that it would be a quick and efficient way to distribute stimulus funds.

It is unknown how the Thavisin-promised digital currency would be implemented or which currency would be used. However, if the plan is implemented, it would be a fascinating experiment in the potential applications of digital currencies in government programs.

Ultimately, Thavisin’s promise of a digital currency airdrop is an intriguing political and digital currency development. It remains to be seen whether it will be effective in gaining ballots, but it is an intriguing example of how digital currencies are beginning to be considered in a wider variety of contexts.