Around 10,000 Tobacco shops in France are set to sell Cryptocurrency coupons.
French Crypto startup Digycode has partnered with Paris based payments giant Ingenico to enable over 10,000 retails shops to sell coupons of Cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), XRP, Litecoin (LTC) and Dash.
The firm sold its coupons in 50 shops as of 2018, after its collaboration with Ingenico Digycode’s coupons will be sold in over 10,000 shops across France. Users can buy coupons worth 20, 50 or 200 Euros and then redeem it on their website, the firm will charge users an 8% fee for their service.
In an interview with the local Crypto news outlet Cryptonaute, CEO of Digycode said:
“The deployment of DIGYCODE is the result of a partnership between Digital Service and Ingenico, and tobacconists equipped with a Devlyx cash register are therefore eligible to sell our product for their customers”
— DIGYCODE (@DIGYCODE) February 8, 2019
In January another startup named Kerplerk had announced that 6500 tobacco shops in France were set to jump on the Crypto bandwagon and sell Bitcoin coupons for 50 to 200 Euros. The French trust their local tobacco shops more than random websites, so it makes sense to sell Cryptocurrencies in these ‘Tabac’ shops.
Adil Zakhar, Co-founder of Kerplerk said in an interview with Reuters:
“Some people find it complicated to get bitcoins on-line, They trust their local tobacco shop owner more than they would trust some remote anonymous website.”
France is going through a political turmoil where trust in the government and banks are lower than ever among the citizens. The Yellow Vest French protestors have even tried to cause a bank run to reduce the power of the Euro currency, Cryptocurrencies like Bitcoin serve as a hedge against the centrally planned monetary system which may be attractive to some French citizens.
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