Over 5,000 Tobacco Shops In France To Start Selling Redeemable Bitcoin Coupons
The crypto startup Keplerk relaunching it's BTC payments service, which is set to be enabled in around 5,200 tobacco stores located in France. The main idea is that the clients will be able to buy Bitcoin (BTC) from the stores using coupons that are worth 50, 100 and 250 EUR worth of crypto.
This service was originally suspended after the initial launch back in January, but it is ready for a comeback. All payments will be provided by a company called Bimedia.
Initially, the service only included six tobacco shops from the country and it grew to up to 24. After the cancellation of the project, however, the group planned to expand the services and now thousands of stores will be a part of this initiative.
Adil Zakhar, the co-founder of the crypto company, affirmed that the project would be expanded some time ago. The French central bank did not endorse this initiative, but this did not influence the company a lot.
In fact, it seems that France is seeing a big surge in crypto adoption. Last month, there were around 25,000 points of sale in which people could use crypto payments in the country. Companies such as Domino’s Pizza, Sephora and Decathlon are all reported to be accepting crypto payments in France right now.
Because of the crypto usage surge, the government has been looking into crypto's more than ever. Recently, the Economy Minister Bruno Le Maire affirmed that the government will not tax crypto to crypto trades but will tax it when crypto is traded for fiat currency.