French Crypto Startup Keplerk Resumes Bitcoin Sales Services in 5,200 Tobacco shops

Ibiam Wayas by Ibiam Wayas - 07:03 AM Oct 11, 2019

French crypto startup, Keplerk has resumed its Bitcoin sales services, after suspending it in less than two months from inception. Starting today, Keplerk's customers can buy Bitcoin from 5,200 tobacco shops in France.

Upon the relaunch, the customers can buy Bitcoin from tobacconists in coupons of 50, 100, or 250 euros. Kepler shared the development with France's top news channel BFM TV.

Initially, the service hinted last November. It went live in January with only six tobacco shops before ceasing in less than two months later, in February. 

In the words of tobacconist to BFM Tech. "The product worked well, but overnight sales were suspended and I did not hear from the provider again."

Keplerk Reduces Transaction Time and Commission Fee

To justify the suspension of the service, Keplerk noted it shortened the transaction time of the service. Formally, the major problem of the service was it took so much time to process a transaction. 

"Some people took up to eight hours to receive their bitcoins on their digital wallets," the CEO Adil Zakhar, said.

According to the report, all the 5,200 tobacco shops debut with the startup's payment terminal partner, Bimedia. Hence, every bitcoin payment in these locations processes through Bimedia's portal.

Alongside the shortened transaction time, Keplerk reduced commission charge on each transaction from 5.5% for coupons of 250 euros. The fee was previously a 7% charge.

Meanwhile, Keplerk will only focus on bitcoin at the moment. The report confirmed that the startup abandoned the idea of ​​marketing another cryptocurrency, especially Ether (ETH).

It is important to note that France sees a surge in the adoption of digital currencies. Over 25,000 points-of-sale of 30 retailers in France will reportedly accept BTC payments by early 2020.

In 2017, a French company, Digycode, launched a bitcoin sales service in tobacco shops. It now boasts of 10,000 partners.

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Ibiam Wayas

Ibiam WayasIbiam Wayas is an optimistic crypto news reporter who also enjoys tech writing. He is an introvert who spends much of his time on the internet studying facts that will help him excel in the digital/cryptocurrency space.