French convenience stores started selling crypto nationwide

February 20, 2019
Chris Wheal

Partnership between Digycode, subsidiary of Toulouse-based company Digital Service, and national point of sale (POS) provider Ingenico made it possible to buy cryptocurrencies offline at 10,000 tobacco shops in France, which is almost half of all the tobacco retailers in the country. Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and Dash (DASH) are currently available for purchase at all 10,000 locations across France, which became one of the major steps towards mainstream adoption of crypto in the country.

crypto store

French tobacco shops are much more than simply outlets to buy tobacco. With all the wide range of options available, they are also offering snacks, lottery tickets, mobile recharge vouchers, as well as a selection of newspapers and magazines. In other words, for French, it’s a “one-stop-shop” for “on-the-go” transactions.

In order to buy crypto at the store, customers would have to pay 8% service fee. According to Digital Service CEO, Christopher Villegas, in their turn buyers receive a multitude of value-added benefits, including resolving privacy concerns connected with sharing sensitive info online, along with “scam” concerns. To ensure the security and transparency of all transactions, Digicode has established its own Know Your Customer (KYC) guidelines.

“We strive to democratize access to cryptocurrencies for the general public by making local availability and simplicity at the core of our product. Prior to Digycode, buying cryptos in cash was a cumbersome experience especially if you happened to live in small towns or rural areas,”

said Digital Service CTO Pierre-Guy Bareges.

Shortly after conquering France, Digicode plans expansion to other European countries and French territories abroad, with more cryptocurrencies available on board, Bareges noted.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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