By this summer, most stores in Khan accept encryption -Web3 EXEC

Merchants in the French Cannes, the site of the International Cannes Film Festival, are trying to attract customers with high -priced income by starting to accept cryptocurrency payment this summer and modernizing the city’s commercial payment ecosystem.

According to Artem Shaginyan, the founder and strategic manager of Web3 Payment Company Lunu Pay, the Cannes government aims to adopt a 90%rate among local merchants. The management also told Cointelegraph.

“This is a big signal. If a city like Khan, known as a culture and commerce, begins to integrate encryption on scale, we show that Web3 pays no longer a niche market. It proves that encryption can work in everyday environments as well as online or theory.”

In February, Mayor David Lisnard Khan has announced an integrated education session to help business owners and experts promote a wide range of acceptance of the city’s encryption payments.

The transition of Cannes by acceptance of cryptocurrency reflects the extensive tendency of encryption by cities, state and federal governments, and these institutions try to maintain competitiveness at the global stage.

relevant: Panama’s capital taxes and encryption of local governments are accepted.

Before the curve? Other jurisdictions are modernized by encryption.

In December 2023, Lugano, a Swiss poet, began to accept Bitcoin (BTC) and Starble Recoin payment for taxes and urban fees as part of a wide range of initiatives to become a global encryption hub.

The Governor of Jared Police, Colorado, USA, ordered the State IRS to start receiving cryptographic taxes in September 2022.

Vancouver, a Canadian city, passed the agreement to make BTC a “bitcoin -friendly city” by integrating BTC into the city’s financial system in December 2024 and adopting Bitcoin’s financial strategy.