France becomes the stronghold of cryptocurrencies

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

By a coincidence of timing, several blockchain players have come out of the woodwork with announcements, all of which testify to the maturity of this young industry. Ledger, manufacturer of cryptocurrency wallets, 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 inject 100 million euros into start-ups of “Web 3”, based on blockchain technology.

Broker of digital currencies, Coinhouse raises 40 million euros to accelerate its development. Finally, the young management company Arquant has just obtained its approval from the AMF: it will be the first in Europe to actively manage a fund invested in bitcoins and ethers.

Added to this is a symbolic announcement: from June 8, the Beaugrenelle Paris department store will allow you to pay for your shopping in cryptocurrencies. “With its engineers from the Grandes Ecoles, strong expertise in asset management, a good financial culture, the Parisian place combines the assets to become the European headquarters of cryptos”, judge Ivan de Lastours, block-chain and crypto pilot at Bpifrance.

The story of Ledger and Coinhouse is emblematic of this evolution. The two companies were born, in 2017, from the same entity, the Maison du bitcoin, founded in 2014 in Paris by Eric Larchevêque and Thomas France. This physical place animated by a community of enthusiasts was both a blockchain solution editor and a training space, to which was added the Ledger security solution.

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