10,000 retail shops in France will sell BTC, XRP, LTC, Dash and Ethereum

15 Feb, 2019 | Updated: 15 Feb, 2019
by Joeri Cant
News
10,000 retail shops in France will sell BTC, XRP, LTC, Dash and Ethereum

The French crypto startup, Digycode, is expanding to over 10,000 points of sale all over France, through a collaboration with Paris-based payments giant Ingenico.

According to the DailyHodl, the crypto startup will offer prepaid coupons that can be purchased in three available increments, being 20, 50, or 200 euro.

The only thing a customer needs to do to redeem the coupon, is to go on Digycode’s website by using a secret code, where the euro is converted into one of the available cryptocurrencies.

The 10,000 retail shops in France will sell Bitcoin, XRP, Ethereum, Litecoin and Dash, according to the CEO of Digital Services Christopher Villegas.

'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 to their customers.'

Read more: What does Bill Gates have to say about Bitcoin?

In January Chepicap reported that in an unprecedented show of adoption, more than 6500 tobacconist shops around France were given the green light to start selling Bitcoin.

Thanks to backing from fintech group, Kerplerk, France will see up to 6500 tobacconists to jump in on the Bitcoin bandwagon by the end of February.

Kerplunks co-founder, Adil Zakhar, said at the time that some people might find it complicated to purchase Bitcoin on-line.

'They trust their local tobacco shop owner more than they would trust some remote anonymous website', he said.

Even though the France’s tobacco federation was granted permission to sell crypto from the French Prudential Supervision and Resolution Authority, the Central Bank of France is saying that it has not approved retail sales of cryptocurrency.

In addition to this statement, the Financial Markets Authority, which regulates the country’s stock market, said that no company is licensed to sell crypto in stores.

Somehow we think the French tobacconists are not going to take these statements in consideration.

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