Over 80 places in the French Riviera now accept crypto thanks to Binance Pay and Lyzi.
- Users can pay with crypto at hotels, shops, and restaurants.
- Transactions are instant and have no gas fees.
- Merchants get paid in euros right away.
New Way to Pay Across the French Riviera
Binance Pay joined with French fintech Lyzi to bring crypto payments to over 80 businesses. This includes spots in Cannes, Nice, Antibes, and Monaco. Tourists and locals can now pay with stablecoins and other cryptocurrencies using their phones. All they need to do is scan a QR code and confirm the payment.
Instant Payments and Easy Use
The system lets people pay instantly without extra charges known as gas fees. Businesses benefit by receiving their money in euros right away. This makes it easier for them to accept crypto without worrying about its changing value.
Cannes Supports Crypto Growth
Cannes Mayor David Lisnard has urged local shops to accept crypto. He believes it’s key to keeping up with new trends. He also said that the city will help train businesses on how to use crypto payments as part of its Web3 strategy.
Popular Places Now Accept Crypto
Many well-known places now take crypto, such as JW Marriott, Hotel Gray d’Albion, and Palais Stéphanie Beach. Shops like Parker and Smith in Monaco and gyms like Palm Gym in Antibes are also part of the program. Binance Pay supports over 100 cryptocurrencies, including those backed by euros and US dollars.
Crypto Rewards for Shoppers
To celebrate the launch, Binance Pay is offering a 5 EURI reward for people who make crypto purchases of at least 20 euros. EURI is a stablecoin that is tied to the euro and regulated under the MiCA law in Europe. This offer lasts until Sunday.
Crypto in Tourism Is Growing
Other countries are also starting to offer payment in crypto. For example, Bhutan and Thailand have launched systems that let tourists use crypto at hotels and local stores. These trends show that digital money is slowly becoming part of the travel and shopping experience worldwide.
Source: cointelegraph.com
