10,000 Retail Shops In France Will Sell BTC, ETH, XRP, LTC And DASH
It seems that most moves which are happening in the crypto space these days are leading the digital assets on the right path towards mass adoption.
After the bearish 2018, crypto experts have been predicting that we’ll witness mass adoption this year and things seem to go according to the plan.
Crypto adoption is expanding
Bitcoin, XRP, Litecoin, Ethereum, and Dash are extending to 10,000 points of sale in France, reports the Daily Hodl.
Digycode rolled out its crypto coupons for the first time last year, and the firm said that they are expanding to more 10,000 shops thanks to a new partnership with Paris-based payments giant Ingenico, according to local news outlet Cryptonaute.
The leading payments firm reported $2.8 billion in revenue in 2017.
“The deployment of Digycode is the result of a partnership between Digital Service and Ingenico, and tobacconists equipped with a Devlyx cash registerare, therefore eligible to sell our product for their customers, commented Christopher Villegas, CEO of Digital Service.”
The startup will offer prepaid recharge coupons that can be bought in three increments: 20, 50 or 200 Euro by heading over to the supported locations.
After customers redeem the coupon on Digycode’s official website by using a secret code, the Euro will get converted into crypto.
According to the company, the crypto balance will show up in the users’ crypto wallet as soon as the transaction is confirmed.
Even if there’s still a lack of regulatory certainty, tobacco shops are selling crypto.
A report from the French radio network Europe 1 revealed that France’s tobacco federation was granted permission to sell crypto from the French Prudential Supervision and Resolution Authority.
BTC acceptance grows by 700% in the past six years
Recently, Kaspersky Labs cybersecurity company reveals that about 10% of people have used Bitcoin and other cryptos to pay for online goods.
The number of merchants who are accepting Bitcoin seems to have grown in the past six years by 700% says Bitcoin directory service provider, Coinmap’s data.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.