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Monday, January 18, 2021
Home News Easywallet: 25,000 French Points of Sale Terminals to Accept Cryptocurrencies

Easywallet: 25,000 French Points of Sale Terminals to Accept Cryptocurrencies

Montpellier-based French company Global POS, and a plethora of partners will enable, by 2020, more than 25,000 points of sale in France to accept cryptocurrencies as a means of payment within the legal framework defined by the progressive pro-blockchain PACTE law. The Easy2PlayPayment and the EasyWallet application will allow consumers in France to easily pay with cryptocurrencies in the near future. 

On the occasion of Paris Retail Week, nearly thirty brands including Boulanger, Foot Locker, Decathlon, Conforama, World House, Intersport, Cultura, Norauto, Sephora will be able to accept cryptocurrencies as a mode of payment – as well as thousands of SMEs, restaurants and independents compatible with the French Nepting and Famoco PoS solutions. 

“This is an important symbolic step in the evolution of payment methods in France. However, more than a symbol, what we bring to 25,000 outlets is the ability to safely enter the world of the 3.0 economy,” commented Stéphane Djiane, CEO and Founder of Global POS.

“With our partners, we want to simplify the adoption of cryptocurrencies as a real means of payment within the framework defined by the law. If initially, the service we offer will only allow the use of bitcoins, our goal is to open our solution to other cryptocurrencies in the future,” added Djiane.

According to a recent EasyWallet study, more than four million French people hold cryptocurrencies and this new solution aims to allow the mass adoption of cryptocurrencies.

“The acceptance of cryptocurrencies is a real challenge for retailers, we are aware of the expectations of the public and the scope of the message we send to a whole community. We are happy to be able to make this ecosystem more concrete for consumers and to enter the crypto-economy in a legal framework,” said Gregory Hervein co-founder of the brand Whiskers.

Seeing it’s a simple plug and play solution, the integration will be simple and will not change the habits of consumers and retailers.

Bring signs into a new paradigm

It is estimated that in France, according to the Kantar TNS 2018 survey, nearly 6.7% of French people have cryptocurrencies, which corresponds to around four million individuals. The solution developed by Global POS and its partners will allow them to spend their cryptocurrency in physical sales outlets in France. 

The solution developed by Global POS and its partners is part of the legal framework defined by France since the adoption of the Pact Act. In this perspective, the usual operation of the banners will not be impacted since the exchange platforms will be in charge of converting cryptocurrencies into euros.

To develop this project, Global POS relied on two leaders in the technology sector (ekino and Octo Technology ) and sector (Smartchain, Havas Blockchain, and Fidal). The trusted partners retained by Global POS for the conversion of crypto-assets into euros are Deskoin and Savitar who are currently applying for PSAN (Digital Asset Service Provider) accreditation under the Pacte Act.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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