French Tobacco Retailer to Start Selling Bitcoin Voucher

French Tobacco Retailer to Start Selling Bitcoin Voucher

One of the top tobacco retailers in France, Tobacconists has recently made it known that it will commence the public sales of bitcoin starting from next year.

Tobacconists to Start Selling Voucher in 2019

According to a report from a top ranking France-based radio station, Europe 1, from January 1, 2019, Tobacconists will commence the sales of bitcoin vouchers in the following denominations: 50, 100 or 250 euros (approximately $57, $114 or $285)

The report also made it known that Keplerk a local crypto startup has signed a deal with a cash register software provider, with the ultimate goal of helping it process vouchers.

As a result of this, buyers of the Bitcoin Vouchers will be able to convert it into bitcoins through Keplerk.

Currently, there are more than 25,000 tobacco shops across France. However, Keplerk made it known that the sales of the voucher will commence in about 3,000–4,000 tobacco shops. More shops are likely to get added as time goes on. Considering the total number of tobacco shops, the success of this initiative is going to bring in a lot of profit for all parties involved.

Adil Zakhar, Keplerk’s director for strategy and development, also made some comments regarding this, he stated that:
“Tobacco shop owners are the best channel as they are trusted by customers and they are used to sell vouchers such as credit for mobile phones, ” The report also made it known that Keplerk will charge “7 percent commission on transactions to fund the operation”

French Government has Distanced Itself

In a similar report, the French central bank made it clear, through a recent statement, that it has not signed any agreement with tobacconists, towards the sale of bitcoin.

It also warned against investing in bitcoin, claiming that crypto is “purely speculative and are not currencies and that those who wish to invest in bitcoin or any other cryptocurrency do it entirely at their own risk.”