Many tobacconists in France are planning to sell Bitcoin to the public starting from New Year. As the France-based radio station Europe 1 originally reported, this Bitcoin news shows that tobacco retailers will be offering Bitcoin vouchers in denomitations of 50, 100 and 250 euros from January 1st, 2019.
The local crypto startup Keplerk is said to have signed a deal with a cash register software in order to facilitate the scheme. Keplerk will be the main seller of Bitcoin – allowing customers to convert their vouchers into BTC and store it in wallets on the platform.
As the report states, there will be around 3,000 to 4,000 tobacco shops selling the vouchers and later, others are expected to be added on. As quoted by Reuters, the director for strategy and development at the firm stated:
“Tobacco shop owners are the best channel as they are trusted by customers and they are used to sell vouchers such as credit for mobile phones.”
The French central bank also issued a statement this Wednesday, in which it denied some reports that it has signed no agreement with tobacconists to allow the sale of Bitcoin. It also warned that cryptocurrencies are “purely speculative and are not currencies” and that people who seek to invest in Bitcoin or other cryptocurrencies “do it entirely on their own risk.”
With more than 25,000 tobacco outlets across France, this initiative could make Bitcoin widely available if the scheme succeeds.
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