French Tobacco Shops Will Sell Bitcoin and Ethereum Starting January 2019 (venturebeat.com)

Tobacco shops are a staple of daily life across France, selling cigarettes, newspapers, magazines, and lottery tickets. Come January, these most traditional of merchants will take a plunge into the future by adding cryptocurrencies to their wares. From a report: The French Federation of Tobacco Vendors (French Confederation Nationale des Buralistes), which represents the 27,000 tobacco shops in France, announced that it has approved plans for its members to sell Bitcoin and Ethereum to customers. The program is expected to start in 3,000 locations in January, eventually rolling out to all tobacco shops across the country. Of course, the timing is somewhat less than ideal, as prices of cryptocurrencies have been in free fall most of this year. Just this week, Bitcoin hit a new low for 2018. While the effort is seen as a new potential revenue source for these merchants, it remains far from clear how interested the general public is in owning cryptocurrencies.

Comments

Re:I think these will rise again

[Joce640k]

Think about how much Bitcoin would rise again if even 10% of the people in most modern cities around the world bought and started using a few hundred $ worth.

Now think about how much it would be worth if they didn't.

PS: Currencies aren't supposed to "rise", they're supposed to be stable.

You'll be mocked mercilessly until you grasp this concept: A thing can't be both an investment instrument and a working currency at the same time.