By the middle of this year, Australians will be able to pay with crypto at petrol stations and convenience stores across South Australia as private businesses cautiously embrace digital currency payments.
According to The Australian, On The Run (OTR), a major convenience store chain, will soon allow payment in Bitcoin and other digital currencies to all of its customers south of Down Under.
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Crypto for fuel and snacks
Customers will be able to pay for gas, snacks, and even a one-foot Subway sandwich with over 30 cryptocurrencies.
OTR has also opened many stores in Victoria, but it is unclear whether or not they will accept digital currency payments.
Other companies that operate alongside OTR locations, such as Subway and Porto, will also be able to accept the one-time payment option.
OTR’s parent company, the Peregrine Corporation, one of South Australia’s largest private companies, will also accept bitcoin at its Subway, Porto and Smokemart locations.
When the technology is fully operational in July, it will become the largest company in the country to accept this type of in-store payment.
In tandem with a large company
The announcement is part of a partnership with Singapore-based Crypto.com that will see OTR become Australia’s largest physical retailer to accept digital currency.
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Karl Mohan, Managing Director of Crypto.com Asia Pacific, said in a statement:
“Today we have made significant progress towards accelerating Australia’s acceptance of cryptocurrencies…consumers will now be able to pay for goods and services at all OTR locations using Crypto.com Merchant Pay.”
The company made headlines last November when it announced that it had acquired the rights to rebrand the Staples Center in Los Angeles as “Crypto.com Arena”.
This is the company’s second collaboration in Australia, following the January announcement of a multi-year deal with Adelaide Football Club.
Crypto.com will be accepted as a “payment type” by DataMesh Group, a technology and payment company.
As early as 2014, a gas station in Colorado began accepting the world’s largest digital asset class.
According to U.Today, US convenience store giant Sheetz has also started accepting Bitcoin, Ethereum, Litecoin, Dogecoin and other tokens through a partnership with Gemini-backed startup Flexa.
Last August, several Bitcoin kiosk operators partnered with Circle K to deploy Bitcoin ATMs throughout New York.
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