On Sept. 24. French crypto news outlet Cryptoglobe reported the development during Paris Retail Week, By the year 2020, More than 25,000 major retail stores in France, including sportswear giant Decathlon and cosmetics store Sephora will accept Bitcoin.
The new cryptocurrency payments system is launching via a partnership between point-of-sale technology provider Global POS, the EasyWallet application and payments platform Easy2Play. At the moment of sale, Bitcoin (BTC), funds will be automatically converted into euros.
There are few others who have joined in this initiative. Well-known retailers signing on to the initiative include Boulanger, Foot Locker, World House, Intersport, Cultura, Maisons du Monde, and Norauto.
Stéphane Djiane, CEO and founder of Global POS, has given a statement proposing that:
“This is an important symbolic step in the evolution of payment methods in France. However, more than a symbol, what we bring to 25,000 outlets is the ability to safely enter the world of Economy 3.0.”