Cannes, the French city famous for hosting the Cannes Film Festival, is set to experience a digital transformation. Merchants in Cannes are poised to begin accepting cryptocurrency payments by this summer, aiming to attract high-spending clientele and modernize the city’s payment ecosystem. Artem Shaginyan, founder and head of strategy of Web3 payment company Lunu Pay, informed that the Cannes municipal government is targeting a 90% adoption rate among local merchants.
Shaginyan stated, “This is a big signal. When a city like Cannes, known globally for culture and commerce, starts integrating crypto at scale, it shows that Web3 payments aren’t just a niche thing anymore.
Cannes adopts widespread crypto payments
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