French Bitcoin Startups Back FinTech Trade Group

Bitcoin wallet hardware maker Ledger and bitcoin exchange Paymium are among the 36 fintech startups backing France FinTech, a new trade group that has garnered support from the French government.

The group, which formally launched on 11th June, seeks to facilitate connections between the country's fintech startups and act as a collective voice when communicating with regulators, investors and parties both domestic and abroad.

Eric Larchevêque, CEO of Ledger, framed his startup's involvement by saying that the overall goal is to be a part of conversation as French regulators look to establish oversight of the country's financial technology sector, including its bitcoin ecosystem.

"We'll be very active on all bitcoin related subjects for the association, and will make sure the crypto voice will be heard," he said.

Paymium

co-founder Gonzague Grandval told CoinDesk that the group's creation "is a sign that FinTech startups are very active in France".

Other companies in the organization offer products and services focused on digital payments, peer-to-peer lending, crowdfunding and financial management.

Concept of teamwork image via Shutterstock