The dealers in Cannes, France, the position of the International Cannes Film Festival, will start accepting crypto payments by the summer of this 12 months as a way to win customers with a high available income by modernizing the business payment of town of town's business payment.
According to Artem Shaginyan, founder and head of the strategy of Web3 payment company Lunu Pay, the municipal government of Cannes is aiming for an adoption rate of 90% at local dealers. The executive also said cointelegraph:
“This is a giant signal. If a city like Cannes, which is understood for culture and trade worldwide, integrates crypto in scale, it shows that web3 payments aren’t any longer just a distinct segment.
In February, the Mayor of Cannes, David Lisnard, announced a training for crypto payments for business owners and specialists as a way to promote the widespread acceptance of crypto payments in town.
The Rue d'Antibes, Cannes shopping and trading district. Source: City of Cannes
Canne's postponement for the inclusion of cryptocurrencies reflects the broader trend of the crypto adoption by town, state and federal governments, as these institutions attempt to remain competitive on the worldwide stage.
Before the curve? Other jurisdiction modernize with crypto
In December 2023, the Swiss city of Lugano began to just accept Bitcoin (BTC) and StableCoin payments for taxes and municipal fees as a part of town's wider initiative to change into a world crypto hub.
Governor Jared Polis of the US state of Colorado instructed the state Ministry of Finance to start out in September 2022 with the acceptance of crypto tax payments.
The Canadian city of Vancouver made an application in December 2024 to make responsibility a “Bitcoin-friendly city” by examining the combination of BTC into town's economic system and possibly using a Bitcoin denim strategy.
The capital Panama has recently announced in April 2025 that taxes and municipal fees could now be paid in Krypto, including Bitcoin, Ether (Eth), Circle's US dollar StableCoin (USDC) and Tether's Usdt (USDT) token.
Mayer Mizrachi, Mayor of Panama City, suggested that the move to modernize town and convey more investments and global recognition.
