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French tobacconists sell dubious Bitcoin vouchers again

French tobacco traders get another chance to sell Bitcoin BTC coupons after the program was suspended earlier this year Bitcoin. This time around, the company behind the program will not sell Keplerk Vouchers for Ethereum, as it did before.

The company behind the idea, Keplerk, will sell $ 50 ($ 55), $ 100 ($ 110) worth of coupons. and € 250 in stores across the country.

It was introduced in early 201

9, but Keplerk had to unplug in February.

The company claimed to have made the decision after some users had delays in redeeming their cryptocurrency. "Some people took up to eight hours to get their Bitcoin," said Adil Zkhar, CEO of Keplerk.

Confirmation times have dropped since February, but that will not last forever. If this is Keplerk's reasoning, it is not surprising that the service will be reinstated when the acknowledgment times start to increase.

While confirmation times were prohibitively high, so too were Bitcoin transaction fees. However, according to the report, the fees for the 250 euro coupon have fallen from 7 percent to 5.5 percent. So it's a bit more attractive than it used to be. But that does not make it a good idea.

It should be noted that each coupon has a commission of 7 percent, which goes to Keplerk.

The scheme was announced last November and was criticized by the French financial regulator Autorité des marchés financiers (AMF), as expected.

The AMF, the Bank of France and the French regulator and resolution authority issued a statement after the first announcement of the scheme, in which the acts of buying, selling and investing were listed in Bitcoin are currently being handled outside a regulated market.

The French regulators also rightly pointed out that it made no sense to buy a digital good in a physical store. Cryptocurrency anyone can buy at a bill of exchange, and although the transfer fees may be similar, users do not have to pay the additional commission of 7 percent.

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Published October 10, 2019 – 11:44 UTC

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