Cannes, France, is set to become one of the latest cities to adopt cryptocurrency payments. By summer 2025, merchants in Cannes will start accepting crypto, aiming to attract high-income clientele and modernize the city's payment ecosystem. The municipal government is targeting a 90% adoption rate among local merchants.

*Key Cities Embracing Cryptocurrency Payments:*

- *Cannes, France*: Merchants will accept cryptocurrency payments by summer 2025, with a target of 90% adoption rate.

- *Lugano, Switzerland*: Started accepting Bitcoin and stablecoin payments for taxes and municipal fees in December 2023.

- *Panama City, Panama*: Now accepts Bitcoin, Ether, USDC, and USDT for taxes and municipal fees, aiming to modernize and attract investment.

- *Colorado, USA*: Started accepting crypto tax payments in September 2022.

- *Vancouver, Canada*: Exploring Bitcoin integration and potential treasury strategy.

This trend reflects a growing effort by cities and governments to stay competitive globally by embracing cryptocurrency payments. According to Artem Shaginyan, founder of Lunu Pay, Cannes' adoption of crypto payments "shows that Web3 payments aren’t just a niche thing anymore."