Market NewsMay 20, 2020 by Kelly Cromley

Digycode Facilitates French Cryptocurrency Investors to Purchase Tezos from 10,000 Shops

Digycode, a France based cryptocurrency startup, has started supporting Tezos (XTZ) buying via its prepaid vouchers and gift cards.

The development is an outcome of collaboration between Digycode and the research and development group from Nomadic Labs, which play a main role in sustaining Tezos’ main code.

Christopher Villegas, Digycode’s co-founder, explained Tezos as “one of the most promising” crypto ventures, and further revealed that the decision to list happened after several months of detailed study.

Beginning last Tuesday, French customers were provided with the facility to purchase Tezos from 10,000 tobacco shops, mini-markets and gas stations throughout the country in the form of prepaid cards and coupons.

Overall, six kinds of cryptocurrencies can be bought via Digycode’s chain of stores, including Ether (ETH), Bitcoin (BTC) , Ripple (XRP), Litecoin (LTC) and Dash.

Users who are interested in buying cryptocurrency from Digycode’s stores must initially set up an account by complying with KYC (Know Your Client) procedures via the company’s website.

Digycode aims at small investors who will be interested in adding small quantities of cryptos to their portfolio regularly.

Investors will be able to buy crypto for €20 (~$22), €50 (~$55) or €200 (~$220). The firm permits users to purchase crypto worth €1,000 per day and up to €10,000 per month.

Digycode’s website cautions that any action of a user signaling unlawful activities can cause closure or limitation of account.

Digycode was rolled out in August 2017 with a motive of providing easy access to cryptocurrencies for French investors.

Le commentaire de notre fondateur:«le projet Tezos est l’un des plus prometteurs actuellement, il fait partie de ceux que nous surveillons depuis de nombreux mois. Intégrer Tezos à nos services, fait partie d’une stratégie plus large dédiée à ce protocole à l’accent si français.»

— DIGYCODE (@DIGYCODE) May 19, 2020

Digycode is an associate firm of Toulouse Digital Service, a company that also offers crypto trading related services under the banner Zebitex and ZeBitcoin.

In recent times, cryptocurrency is receiving better acceptance in France with the French court passing a judgment endorsing Bitcoin as a kind of currency in February, while resolving the dispute between a cryptocurrency exchange and an investment firm.

Earlier this Tuesday, French businessman Stephane Distinguin called the French government to tokenize and auction the Mona Lisa painting for €50 billion to nullify the economic disaster of coronavirus pandemic.