The settlement of transport tickets is also done in cryptocurrency in Toulouse

Travellers who will now use Toulouse public transport will now be able to use a new alternative method of payment to pay for their ticket: cryptoactives. Tisseo Voyageurs, the region's public transport network, has in fact joined the FinTech specialist Lyzi to make this service accessible.

FACTS

• The new initiative presented by Tisseo Voyageurs is launched as part of an initial experiment. It must therefore open up the possibility of paying tickets in cryptocurrency (Bictoin or Ether for example) within its network.

• The solution is presented as an evolution of the dematerialised securities purchase service launched by Tisseo Voyageurs in 2018, allowing to validate its transport ticket via its mobile phone (after attaching a credit card to its account). In fact, Tisseo states that more than 150,000 securities validations are registered via this service every month.

• From now on, travellers will have the option to choose to attach a bank card or Binance account to settle their dematerialized transport tickets via the Android Tisseo mobile app.

ISSUES

• Signing a first in Europe : Tisseo Voyageurs prides itself on being the first European public transport player to allow its users to pay for their tickets in cryptocurrency to date. This is indeed the case in Europe, but there are precedents worldwide. This is particularly the case in Brazil where the city of Fortaleza accepted payments in Bitcoin for its public transport in 2019. In Japan or Hungary, the initiatives of taxi companies have been reported with respect to the acceptance of cryptocurrency as a means of payment to settle the races.

• A new realization for Lyzi : The new solution proposed today by Tisseo was materialised thanks to the work of Lyzi, a French cryptocurrency payment solution. It has been working for many years now to democratize the use of cryptocurrency to pay for various purchases. For this purpose, it draws on various partnerships signed with actors such as LG Group, Ferrari, or more recently the chain of department stores Spring.

PERSPECTIVE

• This new initiative once again illustrates the strong trend towards the democratisation of the use of cryptocurrency as a means of payment, despite the flat tax which requires the French to declare the capital gains realized on the sale of digital assets, in particular against a good or service. Note, however, the exemption that applies when the total asset disposals are less than 305 euros in a fiscal year.

• In any case, today's innovation by Tisseo remains particularly significant in form, since it allows a cryptoactive management portfolio to be linked directly to the digital payment solution of the public transport network. But since Visa and Mastercard already propose to spend cryptoactive via their card today, this model of use of cryptocurrency was already possible in fact.

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