Binance Pay partnership with French Fintech Lyzi to enable more than 80 companies throughout the French Riviera to adopt encrypted currency payments, according to a press statement on Wednesday.
The offering of extended cities including the Cannes, Nice, Monaco and Monaco Festival would integrate digital assets in luxury tourism and economy for sale in the region. The French Riviera, also known as Côte D’Azur, is a famous tourist destination.
The partnership gives visitors and local population the ability to Pay with stablecoins And other cryptocurrencies in a wide range of institutions, including hotels, restaurants, beach clubs, luxury retail dealers and service providers.
By wiping the fast response icon and confirming the treatment, customers can settle their bills immediately without incurring gas fees. At the same time, merchants benefit from the immediate settlement of the euro through the integration of the system, according to the press statement.
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The Cannes Festival was to adopt the encryption
City officials at the Cannes Festival were noisy in encouraging the adoption of encryption among local merchants. Earlier this year, the mayor of the Cannes David Lesnard Festival urged local companies to start accepting encrypted currency payments alongside the euro, warning against risking poverty if they did not adapt.
“A quick message to inform you that we will encourage, especially traders training at the Cannes Festival to integrate cryptocurrencies for payments, as part of our Web3 strategy,” Lisnard Declare Via a letter (French in French) on LinkedIn.
Binance Pay said that the payment system supports more than 100 encrypted currencies, including the US dollar -backed Stablecooins, while providing strong safety features such as encrypted transportation operations, and dual -factor ratification and assurances in actual time.
“The adoption of encryption payments in a global destination like the French Riviera indicates that digital assets have become part of daily life,” said David Bernay, CEO of Binance France.
Places including JW Marriott and Hotel Gray D’Arbion in Cannes, and beach clubs like Palais Stéphanie Beach, luxury retailers including Parker and Smith in Monaco are now accepting encryption payments. Also, companies that focus on wellness such as Palm Gym in Antibes joined the initiative.
To support operation, Binance Pay launched a promotional campaign working until Sunday, as it provided shoppers 5 euros (Mika Organization Stablecoin has been linked to the euro) for the reward for eligible purchases for at least 20 euros in encryption.
Cointelegraph connects to Binance to comment but he did not receive a response by publishing.
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More countries adopt encryption for tourism
Bhutan also recently Embrace the encryption for tourism With the launch of the payment system in partnership with Binance Pay and DK Bank. The initiative allows travelers to use more than 100 encrypted currencies, including bitcoin (BTC), USDC (USDC) And bnb (BNB), To pay the price of hotels, tickets and local services through the simple quick response code payments.
In May, Thailand announced plans for Let tourists spend an encrypted currency By connecting their digital assets with credit cards, enabling local purchases that are not welded with traders receiving Thai dull without knowing the encryption.
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