Aussie Gas Station Will Start Accepting Crypto At 170 Outlets

An Aussie gas station will start accepting crypto at 170 outlets and will work with Crypto.com to implement its Pay Merchant product alongside a Sydney payment system provider that will roll out new terminals and allow customers to pay with crypto so let’s read more about today’s latest cryptocurrency news.

The Aussie gas station and convince store On The Run – OTR, will soon start accepting crypto payments in its 170 outlets in Victoria and South Australia. The move will allow customers to pay for gas and for snacks in over 30 cryptocurrencies. OTR’s parent company – Peregrine Corporation as one of the biggest privately-owned companies in South Australia will be accepting crypto as well at its Oporto, Subway, and Smokemart stores. Once the system is finalized, it will become the biggest business in the country that will accept crypto payments in stores.

The company is working with the Crypto.com exchange to implement its Pay Merchant service as the payment settlement layer. Datamesh which is a Sydney-based payment systems provider will launch point of sale terminals that allow shoppers to pay through the crypto.com app with the crypto holdings. The executive chairman Yasser Shahin stated that by accepting crypto payments, they are joining the list of companies and helping the crypto sector grow by adding:

“The growth and mainstream acceptance of cryptocurrency adoption in Australia and the rest of the world has been phenomenal, and has offered us a clear opportunity to tap into the momentum of this fast-growing space for the benefit of our customers.”

A survey by Crypto.com revealed that only 4% of globally surveyed merchants were accepting crypto as payment but nearly 60% of the merchants were interested in accepting payments in the next year. Around 40% of its customers are already paying using crypto while the 605 said they are interested in doing so by the next year. Of the industry sectors the most willing to adopt crypto, are the retail and merchants. With crypto use in Australia becoming even bigger, the government is trying to regulate the usage of crypto. Senator Andrew Bragg even noted that the Digital Services Act is aimed at reforming the market licensing, custody, and taxes but he does want to see the country become a crypto hub that is open for business.