INFORMATION EUROPE 1 – Tobacco shops will sell bitcoins from 1 January

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It's a small digital revolution for tobacco shops. As of January 1, they will be able to sell bitcoins, the virtual currency, according to information from Europe 1.

The prudential supervisory authority and resolution, an offshoot of the Bank of France and not the Bank of France as we explained initially, validated a distribution scheme by tobacconists prepaid tickets bitcoins. In the beginning, between 3,000 and 4,000 tobacco shops will be equipped with software allowing the direct purchase of "coupons" of bitcoins for amounts of several values: 50, 100 or 250 euros. The other tobacconists will be equipped then as and when.

Real money to turn into virtual on KeplerK. Concretely, people wanting to acquire bitcoins can do it in these tobacconists. They will receive a ticket they can turn into bitcoin on the website KeplerK, as confirmed Friday noon the Federation of tobacconists at Europe 1. Bitcoin, whose price is very volatile, is the only cryptocurrency concerned by this operation. While it is now worth 3,900 euros, the bitcoin was worth 7,000 end of July, and even 15,000 a year ago.

In an AFP dispatch issued just before noon Wednesday, the Bank of France denied any agreement with tobacconists. "Contrary to what was stated this morning, (…) without prior verification, no agreement has been signed to allow the sale of bitcoin in tobacco shops," said the institution in a statement. "No agreement is discussed or envisaged on the subject," added the Banque de France. It is therefore not an agreement strictly speaking between the Bank of France and the tobacconists, who will therefore intervene as intermediaries in these operations.

Accompany an inevitable movement. The prudential supervisor has validated this process of buying bitcoins for a simple reason: there is no choice. Cryptocurrency is becoming a global currency, and it is better to accompany this inevitable movement as well as market and consumer demand. A report by Jean-Pierre Landau on cryptocurrencies was submitted on July 4, 2018 to Bercy, which advocates an evolution. "The right approach is to let the crypto-currencies and the innovations they carry develop in the virtual space they occupy," it says. If there is no agreement signed with the Bank of France, there is indeed a change in the approach to the virtual currency, which will become from March 2019 a currency payment to whole, like PayPal, for example.