Bitcoin Payments Launch at 25,000 Retail Locations in France: A New Era for Crypto

The Dawn of Bitcoin Payments in France

2020 is not just another year; it’s when the cryptocurrency revolution hits the boulevards of France. Over 25,000 retail points will start to accept Bitcoin, paving the way for what some are dubbing “Economy 3.0.” Major players like Decathlon and Sephora are taking part, making it a milestone moment for both consumers and retailers.

Who’s Involved in the Crypto Movement?

The partnership fueling this progress includes technology provider Global POS, the EasyWallet application, and the payment platform Easy2Play. Together, they’re making crypto payments as seamless as a fresh croissant in the morning!

The Tech Behind the Magic

• Payments are conducted in Bitcoin (BTC).
• Funds are automatically converted into euros at the time of purchase.
• Conversion is handled by Deskoin and Savitar, who are pursuing accreditation under France’s PACTE Act.

Flagship Retailers Taking the Leap

Besides Decathlon and Sephora, a host of retailers such as Boulanger, World House, Intersport, Cultura, Maisons du Monde, and Norauto are jumping on the bandwagon. It’s like the ultimate retail jackpot—crypto style!

What’s Next for Bitcoin and Beyond?

According to Stéphane Djiane, CEO of Global POS, this initiative represents more than just a trend; it’s a crucial step in evolving payment methods in France. And while Bitcoin is the star of the show, there’s talk of rolling out altcoin support in the future. This could mean even more crypto options for consumers, broadening adoption beyond the estimated 4 million French crypto enthusiasts.

The Road Ahead

As we gear up for this exciting new era, it’s essential to keep in mind the occasional bumps in the road. Earlier this year, some tobacco shops in Paris dabbled in Bitcoin sales, even amidst mixed signals from national regulators. Will France fully embrace cryptocurrency payments? Only time will tell, but one thing is certain; the future is looking bright for Bitcoin in the retail landscape!

“This is an important symbolic step in the evolution of payment methods in France… What we bring to 25,000 outlets is the ability to safely enter the world of Economy 3.0.” – Stéphane Djiane