The French city of Cannes is set to integrate cryptocurrency into its local economy starting this summer, targeting a high participation rate among merchants.
Integration of Crypto Payments in Cannes
Cannes is preparing to integrate cryptocurrency payments into its local economy. The authorities aim for a 90% adoption rate among merchants, potentially reshaping transactions in a city known for luxury tourism.
Support from Local Government and Training
Mayor David Lisnard supports the initiative, emphasizing modernization over politics. To facilitate this transition, training sessions for local merchants have been organized.
Comparison with Other Cities
The Cannes initiative follows similar steps taken by Panama City, where the mayor announced acceptance of cryptocurrencies for various municipal services. This indicates a growing trend among cities to adapt crypto for everyday use.
With initiatives in Cannes and Panama City, other global locations may soon implement similar measures, showcasing the practicality of cryptocurrency.
