2. Project Background

2.1 Thailand’s Tourism and Cryptocurrency Industry

The Potential of Thailand’s Tourism Industry

Thailand is one of the world's most popular tourist destinations, attracting tens of millions of international visitors each year. With its stunning natural landscapes, rich cultural heritage, and world-class tourism infrastructure—including luxury hotels, resorts, shopping malls, and spas—Thailand has solidified its position as a premier global travel destination.

Key Tourist Destinations:

Cities such as Bangkok, Phuket, and Chiang Mai are among the top choices for high-end travelers seeking premium tourism experiences.

Economic Importance of the Tourism Industry:

Tourism plays a crucial role in Thailand’s economy, contributing significantly to GDP. The luxury travel sector, catering to high-spending tourists, is particularly vital in boosting economic growth.

The Rapid Growth of the Global Cryptocurrency Industry

Over the past decade, the cryptocurrency sector has expanded rapidly, emerging as a cornerstone of digital finance. Bitcoin (BTC) and Ethereum (ETH) have evolved beyond investment assets to become key components of the global financial ecosystem.

Surging Cryptocurrency Adoption:

The number of cryptocurrency holders worldwide has surged, with many seeking to use digital assets beyond mere investment purposes.

As of 2023, the global cryptocurrency user base exceeded 400 million and continues to grow annually.

The Need for Real-World Cryptocurrency Utility:

Cryptocurrencies are increasingly being recognized as practical payment instruments rather than just store-of-value assets.

Many cryptocurrency holders seek opportunities to utilize their digital wealth for travel, shopping, and premium leisure experiences.

The Need for Differentiated Services for Cryptocurrency Holders

Despite the increasing adoption of cryptocurrencies, crypto holders often face a lack of specialized services within traditional financial systems.

Absence of VIP Financial Services:

Even high-net-worth cryptocurrency holders are unable to receive proper VIP treatment within conventional banking frameworks.

This is due to the unique valuation system of cryptocurrencies and the structural limitations of traditional financial institutions.

Limited Real-World Use Cases:

Many cryptocurrency holders wish to integrate their assets into the physical economy, yet face a lack of supporting infrastructure for daily transactions.

2.2 PADO’s Innovation and Role

PADO provides global cryptocurrency holders with groundbreaking financial services while offering a new way to use digital assets in real-world scenarios.

• Real-World Cryptocurrency Transactions: PADO enables payments in Bitcoin (BTC) and Ethereum (ETH) at hotels, restaurants, shopping malls, and other establishments.

• Exclusive VIP Services: Addressing an unmet need in traditional finance, PADO offers unique benefits tailored to high-net-worth crypto holders. NFT-based VIP memberships grant access to premium services and personalized experiences.

Innovation Beginning in Phuket

PADO’s pilot program will launch in Phuket, one of Thailand’s most renowned tourist hotspots, introducing Bitcoin payments across key commercial sectors.

Significance of Phuket:

As one of Thailand’s top tourist destinations, Phuket attracts millions of high-spending international visitors each year.

The island is home to luxury hotels, high-end restaurants, and upscale shopping centers, making it an ideal location to introduce cryptocurrency payment solutions.

Bitcoin Payment Pilot Program:

Hotels, restaurants, and shopping malls will begin accepting Bitcoin payments.

The program will assess the efficiency and practicality of cryptocurrency transactions.

The initiative aims to attract global cryptocurrency communities and establish Thailand as a central hub for crypto-based payments.

2.3 PADO’s Innovations

By merging Thailand’s tourism industry with the expanding global cryptocurrency market, PADO introduces several transformative innovations:

Real-World Payment Solutions:

PADO facilitates cryptocurrency transactions at hotels, restaurants, and retail outlets in Phuket, allowing global crypto holders to seamlessly use their assets.

Addressing Cryptocurrency Payment Challenges:

To mitigate issues such as price volatility and regulatory constraints, PADO introduces the THBP (Thai Baht PADO) internal settlement token and the PSP (Payment Stabilization Pool) model.

THBP	Automatically generated upon transaction requests and pegged to the Thai Baht (THB), ensuring stable value during payments. Burned after transaction settlement, eliminating risks associated with cryptocurrency price fluctuations.
PSP	Absorbs potential price fluctuations between transaction approval and THBP conversion. Comprises a diversified pool of assets, including Bitcoin, Thai Baht, and PADO tokens, to hedge short-term volatility risks.

Boosting Local and Global Economies:

PADO attracts significant cryptocurrency reserves, such as Bitcoin and Ethereum, to Thailand, allowing them to function similarly to foreign exchange reserves.

By encouraging long-term stays and premium service consumption among cryptocurrency investors, PADO contributes to both the tourism sector and Thailand’s broader economic growth.

Through its integration of tourism and blockchain technology, PADO is building an innovative platform that enables the practical use of cryptocurrencies in everyday transactions. The project’s ecosystem—featuring VIP memberships, a hybrid payment network, and robust financial engineering—offers new opportunities for crypto holders while positioning Thailand as a leading destination for digital finance and tourism.