90% of shops in Cannes to accept crypto by summer 2025, says Web3 Exec
By: bitcoin ethereum news|2025/05/03 17:00:02
0
Share
Local merchants in the French city of Cannes will start accepting crypto payments. According to Artem Shaginyan, founder and head of strategy of Web3 payment company Lunu Pay, the Cannes municipal government hopes for a 90% crypto acceptance rate among local merchants. He added, “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. It’s about proving that crypto can work in everyday settings, not just online or in theory.” Cannes Mayor held a training session to urge merchants to accept crypto payment integration Cannes, which attracts more than 3 million visitors annually, is striving to become a global hub of crypto tourism. Many shop owners are said to view the acceptance of cryptos as a way to cater to the high-net-worth crowd and tech-savvy travelers, who are increasingly embracing decentralized finance rather than traditional banking. As part of its ongoing efforts to prepare for the Ethereum Community Conference (EthCC) in the summer of 2025, Cannes is working towards encouraging even more local merchants to accept crypto payments. Cannes mayor David Lisnard has personally called for crypto payments, presenting it as a step toward modernization rather than from an ideological standpoint. Local shops will start accepting crypto payments this summer, and the city’s municipal government seems ready to welcome more crypto investors. In February, the Cannes Mayor held a training session for shop owners and professionals to encourage crypto payments incorporation. By improving the city’s payment ecosystem in the long term, the city hopes to draw in more customers with high disposable income. Cannes is not the only city that has gone down the crypto route when it comes to modernizing its payment mechanisms. In December 2023, the Swiss city of Lugano, a municipality of the country’s Ticino crypto valley, started accepting Bitcoin and stablecoin payments for taxes and municipal services. Before that, Governor Jared Polis of Colorado had green-lighted crypto tax payments in September 2022. Vancouver is also on the list of cities that have adopted crypto. In December 2024, it approved a motion to explore Bitcoin’s incorporation into the city’s financial system and possibly integrate a Bitcoin treasury strategy. North Carolina Representative Neal Jackson also introduced a bill, “The North Carolina Digital Asset Freedom Act,” on April 10. If it passes, the state will accept cryptocurrencies as a recognized tax payment form. However, the added conditions restrict the type of cryptocurrency that can be used. For an asset to be used for payments, it needs to have a market cap above $750 billion to make it liquid enough to cover large transactions. Then again, its daily trading volume should be more than $10 billion and have at least 10 years of market history. Panama City joined the list of crypto-accepting jurisdictions On April 15, Panama City Mayor Mayer Mizrachi declared that the city would accept cryptocurrency payments for taxes and municipal fees, extending to bus tickets and permits. So far, the city has only allowed payments in Bitcoin, Ether, Circle’s USDC, and Tether’s USDT. Before April 15, however, the city, even under previous administrations, had tried to introduce pro-crypto legislation but failed. Mizrachi argued that the main reason the others were unsuccessful was due to the existing laws requiring transactions exclusively in U.S. dollars. He said his government bypassed those requirements by collaborating with a bank that immediately converts any digital assets received into US dollars. This way meant they could incorporate crypto into their payment system without drafting any new legislation. He also believes implementing crypto into their systems will help protect their public treasuries from inflation, increase investment, and improve the city’s status. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now Source: https://www.cryptopolitan.com/90-of-shops-in-cannes-to-accept-crypto/
You may also like

Polymarket vs. Kalshi: The Full Meme War Timeline
The topic itself has become a growth engine, and this "flame war" may be their most effective business strategy.

Consensus Check: What Consensus Was Born at the 2026 First Conference?
Just concluded in Hong Kong, Consensus HK 2026 has set the stage for a new narrative this year.

Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?
The Ethereum Foundation once again finds itself at the crossroads of personnel turmoil.

Russian-Ukrainian War Prediction Market Analysis Report
By analyzing transaction patterns, validate the predictive market as a harbinger of truth in the new media order

Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in the Last 24 Hours?

Who's at the CFTC Table? A Rebalancing of American Fintech Discourse
What on earth is the CFTC up to?
AI Trading vs Human Crypto Traders: $10,000 Live Trading Battle Results in Munich, Germany (WEEX Hackathon 2026)
Discover how AI trading outperformed human traders in WEEX's live Munich showdown. Learn 3 key strategies from the battle and why AI is changing crypto trading.
Elon Musk's X Money vs. Crypto's Synthetic Dollars: Who Wins the Future of Money?
How do Synthetic Dollars work? This guide explains their strategies, benefits over traditional stablecoins like USDT, and risks every crypto trader must know.

The Israeli military is hunting a mole on Polymarket
「The suspect's behavior has posed a significant operational risk and will be charged with serious security offenses.」

Q4 $667M Net Loss: Coinbase Earnings Report Foreshadows Challenging 2026 for Crypto Industry?
Coinbase reports $1.8B in total revenue in Q4 2025, with a $667M loss leading to a sharp drop in stock price.

BlackRock Buying UNI, What's the Catch?
DeFi has transitioned from "Experimental Finance" to "Infrastructure Finance."

Lost in Hong Kong
When yesterday's glory becomes today's shackles, only the courage to break free from the shackles can win tomorrow.

Gold Plunges Over 4%, Silver Crashes 11%, Stock Market Plummet Triggers Precious Metals Algorithmic Selling Pressure?
An analysis suggests that metal prices experienced a sudden drop due to a suspected algorithmic trading sell-off, leading some investors to unwind their positions in commodities including gold and silver to access liquidity.

Coinbase and Solana make successive moves, Agent economy to become the next big narrative
The new war around the Agent On-chain Economy has begun.

Aave DAO Wins, But the Game Is Not Over
The Aave community has achieved a milestone victory on the topics of revenue and governance, but key disagreements regarding the boundaries of funding, branding, and power remain unresolved

Coinbase Earnings Call, Latest Developments in Aave Tokenomics Debate, What's Trending in the Global Crypto Community Today?
What Was Trending Among Expats in the Last 24 Hours?

ICE, the parent company of the NYSE, Goes All In: Index Futures Contracts and Sentiment Prediction Market Tool
TradFi giants are moving into the crypto market at an unprecedented pace.

On-Chain Options: The Crossroads of DeFi Miners and Traders
An Insurance Policy, a Money Printer
Polymarket vs. Kalshi: The Full Meme War Timeline
The topic itself has become a growth engine, and this "flame war" may be their most effective business strategy.
Consensus Check: What Consensus Was Born at the 2026 First Conference?
Just concluded in Hong Kong, Consensus HK 2026 has set the stage for a new narrative this year.
Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?
The Ethereum Foundation once again finds itself at the crossroads of personnel turmoil.
Russian-Ukrainian War Prediction Market Analysis Report
By analyzing transaction patterns, validate the predictive market as a harbinger of truth in the new media order
Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in the Last 24 Hours?
Who's at the CFTC Table? A Rebalancing of American Fintech Discourse
What on earth is the CFTC up to?