The Australian convenience store and petrol station brand, On the Run (OTR), has partnered with leading crypto exchange CryptoCom and payment terminal provider DataMesh Group Pty Ltd to launch Australia’s first in-store cryptocurrency payments at selected outlets.
CryptoCom will provide the payment settlement layer while DataMesh will provide point of sale (POS) terminals at the stores.
OTR Launches Crypto Payments
According to an announcement by OTR, customers with a CryptoCom wallet are now able to purchase items such as petrol, coffee, and sandwiches at 175 OTR fuel and convenience store sites across Victoria, South Australia, and Western Australia using their crypto assets.
Peregrine Corporation, OTR’s parent company, said it also plans to make the option available at another 250 locations across the country, including Krispy Kreme stores in SA and the Northern Territory.
To make crypto payments at the selected stores, customers will select CryptoCom as their preferred payment type on the DataMesh payment terminal, generating a QR code that is scanned through their CryptoCom app.
Customers will then select the crypto asset they would like to use for payment, which is settled instantly to the merchant in Australian dollars (AUD).
Yasser Shahin, CEO of Peregrine Corporation, said:
“The OTR story is about giving customers choice and making life easy. The decision to offer cryptocurrency payments is centered around this story – by offering our customers convenience in how they pay, whether it be cash, card or crypto.”
Crypto Adoption in Australia
The latest development will further drive the adoption of crypto among Australians who are already interested in cryptocurrencies.
Between May and June, independent research firm PureProfile surveyed over 2,000 Australian consumers and more than 500 Australian merchants about their attitudes towards crypto. About 55% of the respondents said they are interested in transacting in crypto assets such as Bitcoin (BTC) and Ethereum (ETH), especially in Australian dollar stablecoin.
Per the research, 33% of the merchants said they will be ready to transact in crypto within a year while 60% said they will be ready in three years.
Source: https://coinfomania.com/aussie-gas-station-on-the-run-accepts-crypto/#utm_source=rss&%23038;utm_medium=rss&%23038;utm_campaign=aussie-gas-station-on-the-run-accepts-crypto