Twenty-five thousand stores and thirty brands in France, including Boulanger, Foot Locker, Decathlon, Conforama, Maison du Monde, Norauto and Sephora, will accept Bitcoin payments starting from next year.
Implementation will be carried out by East2Play- This startup has developed the EasyWallet app in collaboration with Global POS. The operational activities of the stores will not change, because the received bitcoins will be automatically converted into euros.
“At first, it will be possible to pay only with bitcoin, but in the future, we plan to expand the toolkit,” Steéphane Djiane, CEO and founder of Global POS, said.
Information on the implementation of such a payment service was first announced on the sidelines of the Paris Retail Week. Several partner companies have already confirmed their participation in this initiative.
“The inability to use cryptocurrencies is a serious problem for retailers. We recognize public expectations,” Gregory Hervein, a co-founder of the Mustaches brand, said. According to Le Figaro, currently, 3-6% of French people own cryptocurrencies.
It is assumed that the implementation of this initiative was made possible thanks to the law adopted last year by the French authorities, which established a number of rules for the cryptocurrency industry.
However, the country’s authorities are wary of initiatives that could undermine monetary sovereignty. Recently, the French Finance Minister, Bruno Le Mayor, expressed the intention to impede the development of the Libra stablecoin in the EU.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin was in a narrow price range between $8,150-8,600. This movement completely coincided with our forecast. Now, the price of bitcoin is $8,400, and it is in the consolidation zone. We are waiting for a further downward movement. The nearest resistance levels are $8,400, $8,500, $8,600. The nearest support levels are $8,280, $8,000.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum was in a narrow price range between $160-171. Now, the price of ethereum is $168, and it is in the consolidation zone. We look forward to a further downward movement. The price of ethereum will test the support level of $150. The nearest resistance levels are $168, $173, $181. The nearest support levels are $165, $150.
Technical analysis of Ripple (XRP):
Over the past day, ripple rose in price to the mark of $0.2470. This movement fully coincided with our forecast. Now, the price of ripple is $0.2440. We expect a negative movement. The nearest resistance levels are $0.25, $0.2520, $0.2560. The nearest support levels are $0.2170, $0.2280.
