Most shops in Cannes to accept crypto by summer this year — Web3 exec
Summary
Merchants in Cannes, France, will start accepting cryptocurrency payments by summer 2023 to attract high-income clientele and modernize the payment ecosystem. The Cannes municipal government aims for a 90% adoption rate among local merchants. Artem Shaginyan of Lunu Pay emphasized that this integration signals a shift in crypto's role in everyday transactions. Mayor David Lisnard announced training sessions for business owners to promote crypto acceptance. This move aligns with a broader trend of increasing crypto adoption by various governments worldwide. Other cities, like Lugano, Colorado, Vancouver, and Panama City, are also integrating cryptocurrencies for taxes and municipal fees to enhance competitiveness and attract investment.
