French retailers will start accepting Bitcoin at over 30 retailers by early next year. Sephora and Decathlon mark two notable ones that will accept the digital asset.
This is possible thanks to Global POS, a point-of-sale technology provider and creator of the EasyWallet app alongside Easy2Play, a payments platform.
However, one should note that these Bitcoin payments will automatically convert into euros as the sale goes on. These conversion capabilities are thanks to Deskoin and Savitar, two partners that are working to get approved for the Digital Asset Service Provider license under the PACTE act in France, reports CoinTelegraph.
Expanding cryptocurrency offerings across France
Speaking on the matter is one Stéphane Djiane, the CEO and co-founder of Global POS:
“This is an important symbolic step in the evolution of payment methods in France. However, more than a symbol, what we bring to 25,000 outlets is the ability to safely enter the world of Economy 3.0.”
Of course, the enabling of purchases using Bitcoin expands the digital asset’s capabilities past that of traditional cryptocurrency trading. As of now, France houses an estimated number of 4 million cryptocurrency holders. They will likely tell friends of such a benefit, who will then tell their friends, and so on.