Do You Want a Bitcoin? Go to a French Tobacco Store

Do You Want a Bitcoin? Go to a French Tobacco Store

Is the regulation ready for a mass-escalation of Bitcoin? You might not think so, but cryptocurrencies are moving faster and faster, no matter how slow the political sphere is. Now, Tobacco shops are selling Bitcoin for cash following a Keplerk initiative.

France based fintech and wallet provider group Keplerk launched a project in around 24 tobacco stores around Paris where customers can buy Bitcoins with fiat traditional currencies in a value of 50, 100 or 250 euros.

The customers get a ticket with QR and alphanumeric codes that can be used to obtain the cryptocurrency in the Keplerk website. The company charges a 7% fee on each payment, including a 1.25% that goes to the tobacco shop.

The project expects to enrol 6,500 “tabac” stores by February. “Some people find it complicated to get bitcoins online,” Adil Zakhar, Keplerk’s co-founders, said. “They trust their local tobacco shop owner more than they would trust some remote anonymous website.”

So, Keplerk is taking advantage of that and from the environment of the crisis among tobacco shops in France.

Following a multi-year crisis with falling sales and increasing competency, Tobacco owners decided to diversify their business to other industries such as cell phones, money transfers and even candies and lottery.

Well, now Keplerk is giving them a new possibility of merchandising. “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,” Zakhar said.

The company has been working on the project for around two years.

Recently Similar News

cex-promotion exmo-promotion

Latest Guides

Latest News

Changelly,Exchange Platforms,Listings,Trading

NEBL Latest Coin To Join Changelly

A new partnership between Changelly and the Nebilo blockchain has meant that the latter’s native token will be made available on Changelly and used for instant swaps. This will be the latest crypto assets to join the list of 150 assets already available on Changelly. However, they will be the first instant exchange service to […]

20 November, 2019
Binance,Fiat,Investment,Turkey

Binance Now Supports Turkish Lira

Binance has launched a new Turkish Lira (TRY) fiat gateway and development plans that will open up further trading possibilities in Turkey. The news came via a speech from the Binance CEO, CZ Zhao, via a keynote speech at the Turkish Capital Markets Summit. This will mean that would-be traders out there who hold Turkish […]

20 November, 2019
Europe,Exchange Platforms,Exmo,Partnership

EXMO and RACIB Discuss “Strategic Partnership”

It was revealed yesterday that cryptocurrency exchange platform EXMO and RACIB, an association focused on developers and users of blockchain and the interests of a digital economy, have undergone talks to build a new partnership together. While the talks began last week, 12th November, the news dropped just yesterday – which bodes well for the […]

19 November, 2019
DAI,DeversiFi,MakerDAO,Updates

DeversiFi are Searching for Owners of Phantom Wallets

DeversiFi have looked to their community to help find the owners of a selection of wallets that currently own DAI which may be affected as the coin prepares for an upgrade. As we have previously reported, exchange platforms are gearing up for a significant changes to MakerDAO’s stablecoin, DAI. This change will see that DAI […]

19 November, 2019
Kraken,Listings,Staking,Updates

LSK To Be Listed on Kraken Tomorrow

The token of Lisk (LSK) will go live on Kraken tomorrow afternoon, 19th November, after a news post today confirmed the listing of the DPoS token This is the second token in as many weeks to be listed on Kraken after a flurry of new additions to their trading options over the last couple of months, […]

18 November, 2019
CFD,eToro,Research,Trading

eToro’s Research Tab Helps Make “Better Trading Decisions”

CFD trading platform, eToro has stated that the research tab they offer “will help you make better trading decisions”. The exclusive option on the platform is powered by TipRanks and promises to help users attain a further level of knowledge which can help you make improved and more informed decisions about your investment choices. The […]

18 November, 2019
localbitcoins,Money Laundering,Regulation

LocalBitcoins Receives Important Accreditation

In its latest step as a company, the peer-to-peer cryptocurrency exchange, LocalBitcoins has been recognised by an important financial body in Finland to be an Official Virtual Currency Provider. This is an important event for the platform as due to recently changed legalisation in Finland, it only companies registered as such that are allowed to […]

17 November, 2019
Binance,Exchange Platforms,Mobile

A Limited-Edition HTC Exodus 1 With Binance Support Released

In a new partnership between two powerhouses in their respected fields, HTC and Binance, a new phone has been released with the benefits of both firms installed. The new device will be known as the Exodus 1: Binance Edition, due to the fact it will come with Binance-Chain support and so you can benefit from […]

16 November, 2019