Most shops in Cannes to accept crypto by summer this year — Web3 exec

Merchants successful Cannes, France, the tract of the planetary Cannes Film Festival, are acceptable to statesman accepting crypto payments by summertime this twelvemonth successful an effort to pull clientele with precocious disposable income by modernizing the city's commercialized outgo ecosystem.

According to Artem Shaginyan, laminitis and caput of strategy of Web3 outgo institution Lunu Pay, the Cannes municipal authorities is aiming for a 90% adoption complaint among section merchants. The enforcement besides told Cointelegraph:

"This is simply a large signal. When a metropolis similar Cannes, known globally for civilization and commerce, starts integrating crypto astatine scale, it shows that Web3 payments aren’t conscionable a niche happening anymore. It’s astir proving that crypto tin enactment successful mundane settings, not conscionable online oregon successful theory."

In February, Cannes Mayor David Lisnard announced a crypto outgo integration grooming league for concern owners and professionals to beforehand the wide acceptance of crypto payments successful the city.

The Rue d’Antibes, Canne’s buying and commercialized district. Source: City of Cannes

Canne's displacement toward embracing cryptocurrencies reflects the broader inclination of crypto adoption by city, state, and national governments arsenic these institutions question to stay competitory connected the planetary stage.

Related: Panama's superior to judge crypto for taxes, municipal fees

Ahead of the curve? Other jurisdictions modernize with crypto

In December 2023, the Swiss metropolis of Lugano started accepting Bitcoin (BTC) and stablecoin payments for taxes and municipal fees arsenic portion of the city's broader inaugural to go a planetary crypto hub.

Governor Jared Polis of the US authorities of Colorado directed the state's Department of Revenue to statesman accepting crypto taxation payments successful September 2022.

The Canadian metropolis of Vancouver passed a question successful December 2024 to make the jurisdiction a “Bitcoin-friendly city” by exploring integrating BTC into the city's fiscal strategy and perchance adopting a Bitcoin treasury strategy.

More recently, successful April 2025, the superior metropolis of Panama announced that taxes and municipal fees could present beryllium paid successful crypto, including Bitcoin, Ether (ETH), Circle's US-dollar stablecoin (USDC), and Tether's USDt (USDT) token.

Panama City politician Mayer Mizrachi suggested the determination would modernize the metropolis and bring accrued concern arsenic good arsenic planetary recognition.

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