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Growing Adoption: French Tobacco Shops Start Selling Bitcoin

source-logo  cryptoglobe.com 10 January 2019 04:02, UTC

Bitcoin is now on sale in six French tobacco shops, where customers can buy other items including cigarettes, cigars, and lottery tickets. The company behind the move, fintech firm Keplerk, hopes it’ll enroll up to 6,500 ‘Tabacs’ by February.

The plan to get France’s tobacco shops selling bitcoin was announced back in November of 2017. At the time, it was revealed Keplerk and the tobacco federation of France, the Fédération des Buraliste, struck a deal to sell the cryptocurrency in 4,500 to 5,000 stores in the country.

In them, customers were set to be able to buy BTC in denominations of 50, 100, and 250 euros. Now, according to Reuters, they’re able to do just that as six tobacco shops in and around Paris now sell BTC. Adi Zakhar, one of Keplerk’s co-founders, was quoted as saying:

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.

regulating initial coin offerings (ICOs), and UNICEF France has been accepting donations in BTC and nine other major cryptocurrencies .
cryptoglobe.com