Australia’s OTR service stations embrace crypto payments

Crypto.com and Sydney-based payment provider DataMesh Group have partnered to enable Australians to pay for goods with crypto at On The Run (OTR) convenience stores and service stations.

Crypto.com users will be able to scan a QR code on a DataMesh payment terminal that links to their Crypto.com wallet.

Once the user selects the cryptocurrency they want to use for the payment, the transaction is carried out and settled instantly to the merchant in Australian dollars.

Around 175 OTR service stations in Victoria, South Australia and Western Australia, will offer the new payment option with the plan to roll out to another 250 across the country, including Krispy Kreme doughnut stores in South Australia and the Northern Territory.

“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”, said Yasser Shahin, the executive chairman of OTR’s parent company Peregrine in a statement.

Slowly, crypto payments are being adopted worldwide and retailers have been supporting the move toward enabling crypto payments.

Around 85% of retailers are ready to adopt cryptocurrencies as payments driven by customer demand.

This month, English football club Oxford City announced it will now allow supporters to purchase not only food and drink with crypto, but their match day tickets too.

You can still play it safe with cryptocurrencies using secure and trusted sites like Bitcasino, 1xBit and FortuneJack.

Source

Updated: 08/18/2022 — 14:00