French consumers can now buy Tezos from 10,000 mini-marts, tobacco stores, and petrol stations using prepaid coupons or cards.
French crypto startup Digycode has introduced support for Tezos (XTZ) purchases through its prepaid vouchers and gift cards.
The integration is the product of a partnership between Digycode and the research and development team from Nomadic Labs — who contribute to maintaining Tezos’ core code.
Digycode’s co-founder, Christopher Villegas, described Tezos as “one of the most promising” crypto projects, adding that the listing followed several months of consideration.
XTZ for sale at 10,000 shops in France
From May 19, French customers can now purchase Tezos from 10,000 tobacco shops, petrol stations and mini-markets across the country in the form of coupons and prepaid cards.
A total of six different crypto assets can now be purchased through Digycode’s network of stores, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP), and Dash (DASH).
Users wanting to purchase crypto from Digycode’s stores must first create an account through the company’s website, undergoing know-your-customer verification.
Digycode targets small investors, with buyers able to recharge their crypto account in installments of €20 ($22), €50 ($55), or €200 ($220). The firm maintains a daily limit of €1,000 worth of crypto purchases, and a monthly cap of €10,000.
Digycode’s website warns that user behavior indicative of illegal activities can result in account limitations or closures.
French businessman advocates tokenizing Mona Lisa
Digycode was launched during August 2017 to make cryptocurrencies more available to French investors.
The firm is a branch of Toulouse Digital Service — a group that also operates crypto trading services Zebitex and ZeBitcoin. In 2018, Digycode facilitated 65,000 crypto recharges nationwide.
Crypto appears to gain greater acceptance in France of late, with the French court presiding over a dispute between a crypto exchange and an investment firm recognizing Bitcoin as a form of currency during February.
On May 19, French businessman Stephane Distinguin argued that the French state should tokenize and sell the Mona Lisa painting for €50 billion to mitigate the economic impacts of COVID-19.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.