French Tobacconists Start Selling Bitcoins

For those around Paris, that long-awaited moment of being able to purchase Bitcoin (BTC) along with a pack of fags has become a reality. Reported yesterday by Reuters, Keplerk–a fintech company–have now installed 6 Bitcoin ATM units around Paris. They hope to have 4,500 Tabacs (tobacconist shops) enrolled by February.

Some people find it complicated to get bitcoins on-line.

They trust their local tobacco shop owner more than they would trust some remote anonymous website.

Adil Zakhar, Keplerk co-founer


Despite the current regulatory question marks, as French tobacco sales have dwindled, France’s 24,000 Tabacs have looked to diversify their offerings into prepaid cards, money transfer services and now Bitcoin buying and selling.

From our experience at bitfudge, we are happy to see diversification and Bitcoin ATMs being made available to retail customers.

However, when we checked out local ATMs the fees were generally higher than transacting online. Despite this, for Parisians concerned about privacy, buying digital assets just became a whole lot easier.

Would you use a Bitcoin ATM? Why or why not? Let us know what you think in the comments below.

Leave a Reply

Your e-mail address will not be published. Required fields are marked *

Disclaimer: Investing in cryptocurrencies involves risk and should be based on advice from qualified financial professionals. You can incur substantial losses: consider whether this is in line with your investment objectives and circumstances. Posts are based on the authors' opinion and accurate to the best of our knowledge. Our posts are not independent/financial/investment advice, nor endorsements of any product/asset/service. We try to maintain the accuracy of our information however we rely on external data which may include errors. We are not liable under any circumstances for loss or damage as a result of using our information or services.