Cryptocurrency News Today: French tobacconists to start selling shady Bitcoin coupons — again
French tobacconists are getting another chance to sell Bitcoin BTC coupons after the scheme had to be suspended earlier this year.
Local media has reported that the scheme will restart today, allowing 5,200 tobacconists to sell coupons that can be redeemed for Bitcoin. This time round, the company behind the scheme, Keplerk, will not sell coupons for Ethereum like it did previously.
The company behind the idea, Keplerk, will sell coupons valued at €50 ($55), €100 ($110), and €250 ($175) in stores across the country.
It launched at the start of 2019, but Keplerk had to pull the plug in February.
The company says it took the decision after some users experienced delays when redeeming their Cryptocurrency. “Some people took up to eight hours to receive their Bitcoin,” Keplerk CEO Adil Zkhar said.
Since February, confirmation times have fallen, but it won’t stay this way forever. If this is Keplerk’s reasoning, it wouldn’t be surprising to see the service suspended again, if confirmation times start to increase.
While confirmation times were prohibitively high, so were Bitcoin transaction fees. However,