The city of Cannes, known for its high living standards and prestigious film festival, is planning to integrate cryptocurrency payments for local businesses by summer 2025.
Digital Future of Cannes
The initiative to implement cryptocurrency payments is being spearheaded by Lunu Pay in collaboration with the Cannes municipal government, aiming for a 90% merchant adoption rate. According to Lunu Pay founder Artem Shaginyan, this decision marks a turning point in how cryptocurrency is perceived in mainstream commerce.
Global Trend Gains Momentum
Cities worldwide are also beginning to adopt cryptocurrencies to stay competitive in the digital economy. For example, the city of Lugano in Switzerland has started accepting Bitcoin and select stablecoins for tax and municipal payments, while Panama City has allowed various cryptocurrencies for municipal payments.
Educating Business Owners on the New Approach
Cannes Mayor David Lisnard has launched a training program for merchants to familiarize them with digital payment tools. This underscores the proactive approach of local authorities regarding the implementation of crypto technologies.
The integration of cryptocurrency payments in Cannes represents a move toward a more modern and digital business landscape, capable of attracting both local and international clients.
