Local traders in the City of Cannes will begin to receive crypto payments. According to Artem Shaginian, founder and head of the web3 payment company Lunu Pay, the Municipal Municipal government hopes for a 90% crypto acceptance rate to local merchants.
He added, “When a city like Cannes, known worldwide for culture and commerce, starts to integrate crypto on the scale, it shows that web3 payments are not just a niche. It's about proving that crypto can work in sunny settings, not just online or in theory.”
Cannes Mayor conducted a training session to encourage traders to accept crypto incorporation to payment
Cannes, which attracts more than 3 million guests annually, is trying to become a global hub of crypto Tourism. Many shop owners allegedly view the accepting of cryptos as a way to meet the high net value and tech-savvy travelers, which embrace decentralized finance than traditional banking.
As part of the ongoing effort to prepare for the Ethereum Community Conference (ETHCC) in Tag -Heart of 2025, Cannes are employed towards encouraging more local merchants to accept crypto payments.
Cannes Mayor David Lisnard personally called crypto payments, which presented them as a step toward modernization rather than an ideological stand.
Local stores will begin to receive crypto payments this Tag -Heart, and the city municipality government seems ready to accept more crypto investors.
In February, the Maynes mayor conducted a training session for the shop owners and professionals to encourage the integration of crypto payment.
By improving the city's payment ecosystem in the long run, the city expects to draw on more high -income customers available.
Cannes is not the only city to drop the crypto route when it comes to modernizing its payment mechanisms. In December 2023, the city of Swiss of Lugano, a municipality of the country's Ticino Crypto Valley, began receiving the payment of Bitcoin and Stablecoin for municipal taxes and services. Prior to that, Governor Jared Polis of Colorado had a green lighted crypto tax payment in September 2022.
Vancouver is also on the list of cities that adopt crypto. In December 2024, it approved a movement to explore Bitcoin's integration into the city's financial system and possibly include a Bitcoin treasury approach.
North Carolina's representative Neal Jackson also introduced a bill, “the North Carolina Digital Asset Freedom Act,” on April 10. If it passes, the state will accept cryptocurrencies as a recognized tax payment form. However, the added conditions restrict the type of cryptocurrency that can be used.
For an asset to be used for payments, it needs to have a market cap above $ 750 billion to make it liquid enough to cover large transactions. Then again, its day -to -day trade volume should be over $ 10 billion and have at least 10 years of market history.
The City of Panama joins the list of Crypto jurisdictions
On April 15, Panama City Mayor Mayer Mizrachi announced that the city will receive cryptocurrency payments for taxes and municipal fees, reaching tickets and permits. To date, the city only allows payments to Tether's Bitcoin, Ether, USDC's payments to Bitcoin, Ether, USDC, and USDT.
Prior to April 15, however, the city, even under previous administrations, tried to introduce pro-crypto law but failed.
Mizrachi argued that the main reason others were unsuccessful was due to existing laws that require transactions exclusively to the US dollar. He said his government exceeded those requirements by working with a bank that immediately converted any digital assets received to the US dollar. This method means they can integrate crypto into their payment system without constitting any new law.
He also believes that implementing crypto in their systems will help protect their public treasures from inflation, increase investment, and improve city status.
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