Toulouse, France – In a bold move toward the future of payments, the southern French city has become the first in Europe to allow residents to buy public transport tickets using Bitcoin and other cryptocurrencies. Since March 17, commuters can pay for metro, tram, bus, and even cable car rides with digital assets—a milestone for crypto adoption in everyday life.
How It Works
Passengers can purchase tickets through an Android app developed by Paris-based fintech company Lyzi, which supports Bitcoin and over 70 altcoins. Transactions are instantly converted to euros, with Binance Pay among the payment options. The system is experimental, according to Deputy Mayor Sacha Briand, who emphasized that Toulouse wants to test real-world crypto usage before committing long-term.
Why It Matters
France has been steadily embracing crypto-friendly policies, and Toulouse’s initiative reflects growing interest in digital currencies. A 2024 Gemini report found that 18% of French citizens own crypto, and cities like Cannes are reportedly working on similar payment systems.
However, challenges remain:
- Tax complications: Crypto payments trigger France’s 30% capital gains tax, requiring users to file additional paperwork.
- Criticism from Bitcoin purists: Some oppose Binance’s involvement, arguing true decentralization shouldn’t rely on intermediaries.
- Adoption uncertainty: It’s still unclear how many commuters will actually use crypto over traditional payment methods.
Global Crypto-Friendly Cities
While Toulouse leads in Europe, other cities worldwide have already integrated crypto into daily life:
- Argentina (2019): Crypto can top up public transport cards in 60+ cities.
- Dubai, UAE: Bitcoin is widely accepted for hotels, flights, and even real estate.
- Zug, Switzerland: The “Crypto Valley” has allowed Bitcoin tax payments since 2016.
- Hong Kong: Restaurants and businesses accept crypto, and immigrants can use it as proof of wealth.
The Bigger Picture
Toulouse’s experiment could pave the way for broader crypto adoption—if regulators streamline tax rules and users embrace the convenience. As Lyzi expands crypto payments to pharmacies, coworking spaces, and major retailers like Printemps, France is positioning itself as a leader in real-world crypto use.
