90% of shops in Cannes to accept crypto by summer 2025, says Web3 Exec
By: bitcoin ethereum news|2025/05/03 09:00:02
0
Share
Local merchants in the French city of Cannes will start accepting crypto payments. According to Artem Shaginyan, founder and head of strategy of Web3 payment company Lunu Pay, the Cannes municipal government hopes for a 90% crypto acceptance rate among local merchants. He added, “When a city like Cannes, known globally for culture and commerce, starts integrating crypto at scale, it shows that Web3 payments aren’t just a niche thing anymore. It’s about proving that crypto can work in everyday settings, not just online or in theory.” Cannes Mayor held a training session to urge merchants to accept crypto payment integration Cannes, which attracts more than 3 million visitors annually, is striving to become a global hub of crypto tourism. Many shop owners are said to view the acceptance of cryptos as a way to cater to the high-net-worth crowd and tech-savvy travelers, who are increasingly embracing decentralized finance rather than traditional banking. As part of its ongoing efforts to prepare for the Ethereum Community Conference (EthCC) in the summer of 2025, Cannes is working towards encouraging even more local merchants to accept crypto payments. Cannes mayor David Lisnard has personally called for crypto payments, presenting it as a step toward modernization rather than from an ideological standpoint. Local shops will start accepting crypto payments this summer, and the city’s municipal government seems ready to welcome more crypto investors. In February, the Cannes Mayor held a training session for shop owners and professionals to encourage crypto payments incorporation. By improving the city’s payment ecosystem in the long term, the city hopes to draw in more customers with high disposable income. Cannes is not the only city that has gone down the crypto route when it comes to modernizing its payment mechanisms. In December 2023, the Swiss city of Lugano, a municipality of the country’s Ticino crypto valley, started accepting Bitcoin and stablecoin payments for taxes and municipal services. Before that, Governor Jared Polis of Colorado had green-lighted crypto tax payments in September 2022. Vancouver is also on the list of cities that have adopted crypto. In December 2024, it approved a motion to explore Bitcoin’s incorporation into the city’s financial system and possibly integrate a Bitcoin treasury strategy. North Carolina Representative Neal Jackson also introduced a bill, “The North Carolina Digital Asset Freedom Act,” on April 10. If it passes, the state will accept cryptocurrencies as a recognized tax payment form. However, the added conditions restrict the type of cryptocurrency that can be used. For an asset to be used for payments, it needs to have a market cap above $750 billion to make it liquid enough to cover large transactions. Then again, its daily trading volume should be more than $10 billion and have at least 10 years of market history. Panama City joined the list of crypto-accepting jurisdictions On April 15, Panama City Mayor Mayer Mizrachi declared that the city would accept cryptocurrency payments for taxes and municipal fees, extending to bus tickets and permits. So far, the city has only allowed payments in Bitcoin, Ether, Circle’s USDC, and Tether’s USDT. Before April 15, however, the city, even under previous administrations, had tried to introduce pro-crypto legislation but failed. Mizrachi argued that the main reason the others were unsuccessful was due to the existing laws requiring transactions exclusively in U.S. dollars. He said his government bypassed those requirements by collaborating with a bank that immediately converts any digital assets received into US dollars. This way meant they could incorporate crypto into their payment system without drafting any new legislation. He also believes implementing crypto into their systems will help protect their public treasuries from inflation, increase investment, and improve the city’s status. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now Source: https://www.cryptopolitan.com/90-of-shops-in-cannes-to-accept-crypto/
You may also like
Whales bought 270,000 BTC while ETFs bled $7 billion. One side is wrong
The crypto IPO class of 2025-26 is down as much as 89%. Autopsy of a listing boom
Robinhood Chain Mining Guide: A Comprehensive Tutorial from Cross-Chain to Memecoin
BitGo CEO says single-digit percentages of bitcoin's supply are 'probably right' for large holders amid Strategy's sale
Beyond Private Keys: How to Safeguard the Security Boundaries of Web3 from Wallets, L2 to Supply Chains?
Vanguard Enters the Market, Opening a New Crypto Gateway for 50 Million Traditional Investors
Why the OUSD Alliance of 150 Companies Still Cannot Shake USDT and USDC?
Citigroup Analysis: Is There Still 47% Upside for Nvidia? Can Rubin and CPO Deliver?
WEEX API Fast Connect: Turn Every Sign-In Into a Live Trader in Under 10 Seconds
WEEX API Fast Connect is a one-click OAuth authorization system that lets your users link their WEEX account without ever touching an API key. Frictionless onboarding, faster conversions, higher retention — built for WEEX Broker partners.
Bitcoin's dwindling exchange reserves don't pack the same bullish punch anymore
From Le Mans to the Rollercoaster: Carl Moon Takes On Portimão
Crypto world renowned KOL and racing driver Carl Moon, backed by WEEX, heads to the Ferrari Challenge Portugal round at the Algarve International Circuit, July 16–19, fresh off a podium finish at Le Mans. Here's why this race is one to watch.
Fast execution. Split-second accuracy. Security that never blinks. That's WEEX — and that's exactly how Carl races.
The Downfall of a Public Company: A $1.46 Billion Bet on WLFI, $540 Million Went to the Trump Family
Dragonfly Partner: BTC is Intergenerational Wealth, Optimistic About ETH and SOL
Goldman Sachs Calls to Go Long on Chinese AI: $4 Trillion Market Value Behind, Global Funds Only Allocated 1.2%
The New Landscape of Cryptocurrency in Europe: Why Germany Takes Center Stage?
Robinhood vs xStocks: Stock Tokenization Shouldn't Just Focus on Ticker On-Chain
Nexo launches crypto card in Argentina as Latin America push grows
Bank of America: Nvidia's Forward P/E Falls to 7-Year Low, Market Paying for a Non-Existent Risk
Whales bought 270,000 BTC while ETFs bled $7 billion. One side is wrong
The crypto IPO class of 2025-26 is down as much as 89%. Autopsy of a listing boom
Robinhood Chain Mining Guide: A Comprehensive Tutorial from Cross-Chain to Memecoin
BitGo CEO says single-digit percentages of bitcoin's supply are 'probably right' for large holders amid Strategy's sale
Beyond Private Keys: How to Safeguard the Security Boundaries of Web3 from Wallets, L2 to Supply Chains?
Vanguard Enters the Market, Opening a New Crypto Gateway for 50 Million Traditional Investors
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com





