Cannes to Accept Bitcoin and Crypto Payments This Summer for Merchants

By: cryptofrontnews|2025/05/06 21:45:02
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Cannes will begin accepting Bitcoin and crypto payments across local businesses starting this summer, with a goal of 90% merchant adoption.Mayor David Lisnard supports the move, emphasizing modernization of payments, while offering training to merchants to ease the transition to crypto.Web3 payment company Lunu Pay will provide the infrastructure, demonstrating that crypto is a practical solution for everyday transactions.Bitcoin and crypto payments are set to go live in Cannes, France, as the city moves to modernize its payment system. Starting this summer, merchants will be able to accept cryptocurrencies, with the local government targeting a high participation rate.Bitcoin and Crypto Payments Take Hold in CannesThe French city of Cannes is preparing to integrate cryptocurrency into its local economy. According to a tweet by Bitcoin Archive , the municipal government is aiming for a 90% adoption rate among merchants. This step could reshape transactions in a city globally recognized for luxury tourism and its international film festival.Cannes mayor David Lisnard is leading this change. He has emphasized that the move is about progress, not politics. He stated that the decision is "a step toward modernization rather than from an ideological standpoint." To ensure a smooth rollout, Lisnard organized a February training session for local shop owners and professionals, encouraging the adoption of digital payments.Web3 Infrastructure Supports the RolloutThe integration of crypto payments in Cannes will be supported by Lunu Pay, a Web3 payment solutions provider. Artem Shaginyan, founder and head of strategy at Lunu Pay, highlighted the significance of this shift. “When a city like Cannes, known globally for culture and commerce, starts integrating crypto at scale, it shows that Web3 payments aren’t just a niche thing anymore,” Shaginyan said.He added, “It’s about proving that crypto can work in everyday settings, not just online or in theory.” Lunu Pay’s infrastructure is expected to facilitate seamless crypto transactions for local merchants, attracting clientele with higher disposable income and supporting a more modern payment ecosystem.Other Cities Explore Similar Crypto IntegrationThe Cannes initiative comes soon after Panama City introduced its own form of crypto integration. On April 15, Panama City mayor Mayer Mizrachi announced that the city would begin accepting Bitcoin, Ether, USDC, and USDT for taxes, bus tickets, permits, and municipal fees.Mizrachi explained the solution behind the city’s success: “We bypassed those requirements by collaborating with a bank that immediately converts any digital assets received into US dollars.” He further added that this allowed the city to avoid new legislation while enabling digital payments.With Cannes and Panama City taking practical steps, other global cities may soon follow in adapting crypto for everyday use.The post Cannes to Accept Bitcoin and Crypto Payments This Summer for Merchants appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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