Introduction
Binance Pay has partnered with French fintech company Lyzi to introduce cryptocurrency payments to over 80 businesses along the French Riviera. This collaboration focuses on key destinations like Cannes, Nice, Antibes, and Monaco, integrating digital assets into the region’s luxury tourism and retail sectors.
👉 Discover how crypto payments are transforming travel
Key Features of the Partnership
- Wider Accessibility: Tourists and locals can now pay using stablecoins and major cryptocurrencies at hotels, restaurants, luxury retailers, and wellness centers.
- Instant Settlements: Transactions are completed via QR code scans with zero gas fees, while merchants receive immediate euro payouts.
- Security: Binance Pay’s encrypted transfers, 2FA, and real-time confirmations ensure safe transactions.
Merchant Adoption Highlights
| Location | Notable Venues Accepting Crypto Payments |
|------------------|------------------------------------------|
| Cannes | JW Marriott, Hotel Gray d’Albion |
| Monaco | Parker and Smith (luxury retail) |
| Antibes | Palm Gym (wellness center) |
Cannes: A Crypto Payment Leader
Cannes Mayor David Lisnard actively promotes crypto adoption, with 70% of local merchants already accepting digital assets. The city’s Web3 strategy includes:
- Training programs for seamless POS integration.
- Promotional incentives: Shoppers spending ≥20 EUR in crypto receive 5 EURI (MiCA-regulated stablecoin).
Global Tourism Embraces Crypto
The French Riviera follows a growing trend:
- Bhutan: Partners with Binance Pay and DK Bank for crypto hotel payments.
- Thailand: Plans credit card-linked crypto spending for tourists.
👉 Learn how crypto is reshaping global commerce
FAQs
Q: Which cryptocurrencies are supported?
A: Binance Pay accepts 100+ assets, including EUR/USD-pegged stablecoins.
Q: How do transactions work for merchants?
A: QR code scans trigger instant euro settlements, eliminating volatility risks.
Q: Are there fees for users?
A: No gas fees; transactions settle instantly.
Q: What’s the promotional offer?
A: Spend ≥20 EUR in crypto by Sunday to earn 5 EURI rewards.
Conclusion
This partnership underscores the mainstream adoption of crypto in high-value tourism markets, offering secure, flexible payment solutions. As more regions follow suit, digital assets are poised to redefine global retail and hospitality experiences.