The Pheu Thai Party, a political party in opposition to the current prime minister’s in Thailand, has reportedly proposed giving nearly every citizen of the country roughly $300 in digital currency should it win the next election.
According to an April 7 report from the Bangkok Post, the Pheu Thai Party announced at an April 5 campaign event that it planned to give all Thai residents 16 years and older a stipend of 10,000 Thai baht — roughly $292 at the time of publication. One of the party’s candidates for prime minister, Srettha Thavisin, reportedly described the initiative as a stimulus project aimed at helping the local economy using blockchain technology.