The third largest bus company in France, Isilines, has started accepting bitcoin as part of a six-month test-run. Isilines is the first company in its sector to accept a cryptocurrency.
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Partnership with Paymium
To accept bitcoin payments, Isilines has partnered with a French
startup, Paymium, an online exchange. Paymium offers merchant processing and many other services similar to Coinbase, specializing in compliant trade between bitcoin and euros.
The Paris-based bitcoin outlet matches buyers with sellers on both an over-the-counter exchange and a real-time trading exchange, plus it has other services, including business payment processing and sending bitcoins over email, all in compliance with European payment service regulations.
Isilines began accepting bitcoin through Paymium the digital currency on August 2, both on its website and with traditional credit card payments. According to French fintech news outlet ITespresso, this is a six-month trial, at the end of which Isilines will evaluate the situation. This period of time is chosen to coincide with the end of the free usage of the Paymium service.
Read more ... source: TheBitcoinNews
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