you can if the money is withdrawable immediately. Most fixed deposits in Thailand are like this, you can remove the money at any time but you lose some months interest as a penalty. You can't use an account where the actual balance is fixed and inaccessible until the maturity.
it effectively functions as a bank account. You could have a bank account from a fat more dodgy regulatory jurisdiction which would be a "bank account" in that sense but higher chance of losing your money. A lot of nomads use it and this is a nomad visa. I understand the position, I'm just saying it doesn't make sense for the stated purpose of ensuring you have 500k liquid. I know a lot of Thai visa stuff makes no sense. Not arguing that.
I know embassies and each immigration office have their own rules but there's no logical or consistent reason for this. The money in Wise is immediately liquid and available, which you'd think would be enough. Don't see why there's a material difference from the likes of N26, Revolut, Bunq or Monzo. Being a bank means they can lend customer funds, why that matters to Thai immigration I don't know.
Like I said, I accept it's like this. But it doesn't make sense.
these are generally KYC issues. Exact same thing can happen with a "real" bank account, many expats/retirees from places like the US or UK have had their real bank (or brokerage) accounts closed on them.
EDIT: thank you to everyone for confirming True Money does support PromptPay.
OP (incorrect): I don't think TrueMoney supports PromptPay which is the general Thai bank QR system supported by basically everyone. Vendors have to support TrueMoney specifically. This typically means larger retailers like 7-11, Lotus, etc, while PromptPay is much more universally supported including by smaller vendors.
US Diversity Visa Lottery is an example of a visa you have to take up within a limited period or you lose it. It's a reasonable question, DTV although technically a tourist visa is a long term visa that allows remote work.