France becomes a stronghold of cryptocurrencies

For a few days, Paris becomes the world capital of cryptocurrencies.

Coincidentally, several blockchain players have come forward with announcements, all of which testify to the maturity of this young industry. Ledger, a cryptocurrency wallet maker, is joining forces with Franco-Chinese Cathay Capital to launch an “ecosystem fund”: with the support of Bpifrance, which will be the first subscriber, the two partners will invest 100 million euros in “Web 3” startups based on blockchain technology.

Digital currency broker Coinhouse raises 40 million euros to accelerate its development. Finally, young management company Arquant has just received AMF approval and will be the first in Europe to actively manage a fund that invests in bitcoin and ether.

Added to this is a symbolic announcement: from June 8, the Parisian department store Beaugrenelle will allow you to pay for purchases in cryptocurrencies. “Thanks to its engineers from Grandes Ecoles, strong experience in asset management, good financial culture, the Parisian place is consolidating assets to become the European headquarters of crypto,” Judge Yvan de Lastour, blockchain and crypto pilot at Bpifrance.

The history of Ledger and Coinhouse symbolizes this evolution. The two companies were born in 2017 by the same Maison du bitcoin organization founded in 2014 in Paris by Eric Larcheveck and Thomas France. Animated by a community of enthusiasts, this physical space was both a blockchain solution editor and a learning space to which the Ledger security solution was added.