Bitcoin Adoption in France

France is home to many famous painters and sculptors including Edgar Degas, Claude Monet who founded French impressionist painting, Henri Marie de Toulouse-Lautrec, Paul Gauguin and hundreds of others.  France is also known for gourmet food, fine wines, Tour de France, French Riviera, amazing museums such as the Louvre and magnificent architecture like the Eiffel Tower, the beautiful Palace of Versailles and the famous monument Arc de Triomphe. Paris, its capital, is famed for its fashion houses.

80.8 % of the 64,8 million population is urban and median age in France is 41.3 years. Over 41 million people use smartphones and there is a target 100% ultrafast broadband access for all households by 2022.

In terms of Bitcoin adoption, Paris is looking to oust London as the FinTec hub.  During January 2017, approximately 1500 bankers, investors and entrepreneurs converged on Paris to discuss FinTech in France.  Over 100 French FinTech Companies are embracing innovation in the region.

Rennes, a French Bitcoin Blockchain Data Startup, focusing on remittances and payment services, believes Blockchain Will Help 40% of the Unbanked.

Will France soon be leading the way in the blockchain space?  BlockchainFrance has been set up to help business leaders and the industry understand blockchain as well as deployment of the technology.

Europlace, the Paris lobby group want to lure 20,000 Bankers from London as a result of Brexit very interesting to note that Paris already employs more than 180,000 financiers, is home to the region’s biggest bond market and boasts the second-largest pool of asset managers. France is positioing themselves for a FinTech boon. 

Back in 2015, French bank BNP Paribas stated that the blockchain technology underpinning Bitcoin has the potential to make existing companies “redundant”.  Hence all the activity around FinTech.

As early as 2014, French Regulator issued a statement that requires Bitcoin Exchanges to register with the French Prudential Supervisory Authority (ACPR), which regulates the nation’s bank.

In a very positive light, France’s Central Bank, The Banque de France has tested blockchain technology for use in the management of SEPA Credit Identifiers or identification markers used to establish the identity of creditors within the Single Euro Payments Area. The trial marks its first publicly acknowledged blockchain trial. Read full article here

Do you love shopping?  Visit Bitcoin on Boulevard where you will find over 25 Shops in Paris ready to accept Bitcoin for payment.

Meetup’s in France have been in existance since early 2013 – there could be a meetup close to you – find synergy with fellow Bitcoin Believers embracing the digital economy.

Getting around on public transport, France’s third largest bus company accepts Bitcoin.

Find Bitcoin ATM’s/BTM’s in France, however, there are not many at this time, the majority of ATM’s being located in the USA. ATM Bitcoin Exchange recently Expanded Internationally into France.

Global Bitcoin exchanges support France.  Buyers and sellers in close proximity of each other can trade using the LocalBitcoins OTC Platform.

So, instead of watching the Tour de France… watch the Tour de Force!

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