Toulouse, a prominent French city, is leading the way by allowing cryptocurrency payments for public transport. The local transportation authority, Tisséo, has partnered with the crypto payments company Lyzi to offer this service, making it the first public transport network in Europe to embrace digital currency. Passengers can now use Bitcoin, Ethereum, and other altcoins via the Tisséo app on Android devices. The crypto payments will automatically convert to euros, shielding fare revenues from the volatility of cryptocurrency prices. This innovative step reflects the city’s commitment to modernizing public services and catering to the preferences of a new generation of travelers.
Toulouse Leads Europe with Crypto Payments for Public Transport
The bustling city of Toulouse has made headlines by becoming the first public transport system in Europe to accept cryptocurrency payments. This innovative step aims to cater to the evolving needs of its passengers.
Tisséo, the transportation authority of Toulouse, refers to this initiative as an ‘innovative experiment’. With cryptocurrency gaining traction worldwide, the move to allow payments in digital currencies like Bitcoin and Ethereum reflects a significant shift towards modern payment solutions.
Embracing Change
Sacha Briand, Toulouse’s deputy mayor responsible for modernization, highlighted the importance of this initiative, stating, “We are anticipating the expectations of a new generation of customers.” The announcement was proudly shared on social media, as leaders emphasized their commitment to adopting cutting-edge technology.
Mayor Jean-Luc Moudenc also echoed this sentiment, confirming that passengers can now pay for their fares on the Tisséo metro using various cryptocurrencies.
Partnership with Lyzi
The rollout of this exciting service is facilitated through a collaboration with Lyzi, a Paris-based cryptocurrency payments company. Currently, the service is accessible through the Tisséo app for Android users, expanding payment options for tram, bus, cable car, and metro rides.
Payments made in cryptocurrency are seamlessly converted to euros during the transaction process, ensuring price stability against the often volatile nature of crypto markets.
This groundbreaking initiative highlights Toulouse’s dedication to staying ahead in the public transport sector while offering integrated, tech-forward solutions for its residents and visitors. For those interested in exploring more about this development, you may want to read about a similar pro-crypto effort in Cannes.
For more information on cryptocurrency initiatives, click here for our related article: Cannes mayor urges businesses in French city to take crypto payments.
What is the new crypto payment option for public transport in Toulouse?
Toulouse now allows passengers to pay for public transport using cryptocurrency. It’s a simple and modern way to buy tickets using digital money instead of cash or cards.
Which cryptocurrencies can I use for my transport tickets in Toulouse?
Currently, you can use popular cryptocurrencies like Bitcoin and Ethereum to pay for your tickets. The city aims to add more options in the future.
How do I pay for tickets using cryptocurrency?
To pay with cryptocurrency, just scan the QR code at the ticket booth or on the transport app. Follow the easy steps to complete your transaction securely.
Is paying with crypto safe and secure?
Yes, paying with cryptocurrency is designed to be secure. The system uses advanced technology to keep your details safe. Just make sure you use a reliable wallet.
Will I receive a ticket after paying with cryptocurrency?
Yes, once your payment is confirmed, you will receive a digital ticket. You can show it on your phone when you board the bus or train.