Bitcoin Is Smoking

Bitcoin Is Smoking

Thousands of tobacco shops in France will start to sell Bitcoin coupons from the 1st January next year.

This year has been a funny one for Bitcoin. If we look to the future we expect to see Bitcoin surge once again to its one time high of almost $20,000 but as of now, it is trading at just under the $4,500 mark. When we look back to 2018, most of us will most likely see it as a write off since this whole year has basically been a downtrend with the past two weeks massively crashing the price of Bitcoin.

Nevertheless, 2019 is a new year with new hopes and it is quickly approaching and bringing in good news for the crypto market. At the start of next year, there will be thousands of points of sales which will be selling Bitcoin throughout France.

With support from the Central Bank, and the French Prudential Supervision Resolution Authority, the institution charged with monitoring the transactions performed by banks insurance companies in France.

As reported by Bitcoinist, the authority has officially started the authorise the Federation of tobacco shops to start selling Bitcoin at the start of next year. Initially, there will be around 3,500 shops which will be geared up with the software to process direct purchases of coupons of Bitcoins.

The amounts of Bitcoin which can be purchased will be of values which include, 50 euros, 100 euros and 250 euros. Following this, the other tobacconists will also be geared up to exchange the leading digital currency.

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