4,000 French tobacco shops plan to sell Bitcoin in 2019

posted 25 days ago
Buying cryptos when going for smokes is the latest development in France, where tobacco shops have been allowed by the financial regulator to sell small amounts of Bitcoin, starting next year. The French federation of tobacco shops has obtained permission from "Autorité de contrôle prudentiel" (the authorities) to sell Bitcoin.

Starting on January 1st of 2019, between 3,000 to 4,000 tobacco shops out of the 27,000 spread around the country will be equipped with software enabling their customers to acquire Bitcoin. The remaining businesses will be equipped with the software in the future, and the amounts of cryptocurrency sold will equate to 50, 100 or 250 euros. The regulator has reportedly acquiesced to the demands of the tobacco shop federation given the large interest of citizens to acquire cryptos, so they would rather side with the movement and satisfy the demands of consumers than go against the people. Notably French nationals consume an average of ~1100 cigarettes per year per person, ranking above the mean for all countries.
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