Bitcoin Enters Tobacco Shops

For small amounts of less than 250 euros, individuals can acquire bitcoins and ethers in more than 3,000 tobacco shops as of January 1st.

Is this the beginning of the democratization of bitcoin in France?

Bitcoin is going to make its debut in local coffee shops in 2019. This was already the case in a few establishments, but 10% to 15% of stores will soon be affected. Beside the traditional games of the French games, individuals will acquire bitcoins and ethers, the two main cryptos currencies from January 1 in 3,000 to …

The user will buy bitcoins dematerialized recharge with their mobile phone. In exchange for 50, 100 or 250 euros they will obtain a ticket on which will be entered an alphanumeric code and a QR code. The neo-investor will then have to create an online account on KeplerK so that cryptocurrencies are credited to an electronic wallet. He can then dispose of it as he wishes (pay with, send, etc.). From the first reload, it will be necessary to provide some personal information by communicating his identity card, a proof of address and a selfie. The customer has 30 days to charge his account and the price of Bitcoin is fixed at the time of purchase at the tobacconist.

“Four years after having accompanied the launch of Compte Nickel, we will become the first physical cryptocurrency purchase network,” said Capital Sylvain Heubert, General Manager of the National Confederation of tobacconists. “The growth of this new means of payment is a societal evolution that we wish to support,” he says. KeplerK told us to charge a commission of 7% on the amount of the purchase. Part of it is donated to the tobacconist.

It should be noted that all tobacco shops will not be able to benefit from the solution immediately. Only “3,000 to 4,000 establishments” (out of 24,500 in France) are equipped with machines capable of managing this new device. The tobacconists will be free to allow it or not. The conditions of use imply to be at least 18 years old.

On the side of KeplerK, the start-up tells Capital that cryptocurrencies are acquired through specialized stock exchanges and mining companies (the process of running powerful computers to validate exchanges on the network in exchange for transaction fees. ).

Hülya Karahan:The Founder