Can DTV holders in Thailand open a Wise Bank Account for local transactions and what are the pros and cons?

After reading endless comments I have found few advantages if any, but there seems to be some negatives. If you want QR scanning use Moreta App and connect it to Wise. Its very good

There are a a lot of disadvantages to a Thai Wise vs one in your home country, in particular that everything gets automatically converted into THB, even if you are transferring between two other currencies, everything has to go through THB and get converted twice, with double fees.

The debit card you won't be able to use at Thai ATMs to get cash.

With it set up this way everything you send into Wise, any incoming payments, will immediately be converted to THB and considered remitted to Thailand. You can hold other currencies but it will be converted to THB first and you'd have to convert back.

You can already do Thai bank transfers as things are. QR codes are handy but really NBD, I only really use them when I forget my cash but have my phone with me.

You can't have two Wise accounts, so if you update your address to Thailand, you are stuck with all of this. Not worth it to be able to use QR codes.

The QR code is already available. I pay my rent this way

if you want to pay taxes then go ahead

No bank a count be opened

You can't pay with street vendor. Only businesses like Big C

With a Wise account registered in your home country nothing will change. It's still not clear if Wise accounts registered in Thailand will be available to DTV holders as they refer to it as a Non-immigrant account which it is most definitely not. I asked them and they couldn't yet provide a definitive answer.

You can't hold two accounts. So you'll need to choose one only. Except the QR, nothing much interesting, everything needs to be converted to THB, no ATM withdrawal and you'll be under Thai banking regulations (taxes and so ones).