Cannes merchants are preparing to start accepting crypto payments this year, marking a significant step towards modernizing the city's commercial ecosystem.
Crypto Payments in Cannes
According to Web3 payment company Lunu Pay, the Cannes municipal government aims for a 90% adoption rate among local merchants by summer 2023. This initiative is designed to attract customers with high disposable incomes.
Expert Opinions on the Crypto Initiative
Artem Shaginyan, founder of Lunu Pay, highlighted that the integration of cryptocurrencies into everyday transactions shows that crypto payments are becoming increasingly mainstream. He stated:
> "This is a big signal. 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."
Global Trends in Cryptocurrency Adoption
Cannes' decision reflects a broader trend in acceptance of cryptocurrencies at the city and state level. Similar moves are noted in other locations, such as Lugano in Switzerland and Colorado in the United States, where governments are integrating crypto payments into their municipal systems.
Cannes' cryptocurrency initiatives signal changes in commercial habits and a growing interest in crypto technologies on a global scale.
