Thousands of French Restaurants Now Accept Cryptocurrency as Payment

Les Deux Magots, a popular bistro in Paris, France.

A food ordering platform in France recently announced that clients ordering food through it may now opt to use cryptocurrency as a means of payment for thousands of restaurants, reported Token Post.

The platform, called Just Eat, has confirmed that cryptocurrency may serve as payment, as France becomes increasingly crypto-friendly. The group that owns Just Eat has reportedly been allowing the use of Bitcoin for transactions for some time. Thus, it follows suit that their subsidiary company Just Eat does so as well.

When clients opt to use cryptocurrency as a form of payment, the system redirects the client to the Bitpay website. From there they may choose whether to use wallet or exchange. The client may subsequently choose which coin they would prefer to use for the transaction. The website then provides a QR code to complete the transaction.

According to the Just Eat Group has 240,000 restaurant partners worldwide, including more than 15,000 in France. It operates in the UK, Australia, New Zealand, Canada, Denmark, France, Italy, Ireland, Norway, Spain, and Switzerland. It also has a stake in Ifood in Brazil and Mexico.

These developments come as France has increased its crypto-friendly nature in an effort to encourage cryptocurrency usage and investment in the country. Cointelegraph reported that the Bank of France had successfully tested the world’s first digital euro. This comes after the UK left the European Union in January 2020. Now France is set to become the second largest economy in the economic zone after Germany.

Cryptolydian reported that the French public are becoming increasingly interested in crypto usage. Consequently, this has manifested in the establishment of the Paris Blockchain Week Summit. France has also recently furthered its cryptocurrency regulations in a bid to monitor, regulate, and tax digital asset usage in the large economy.

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Raïs Tarek 87 Articles
Journalist and lawyer, with a passion for global politics, economics and current affairs.