On The Run (OTR) petrol stations partners with the crypto exchange company Crypto.com and payment terminal provider DataMesh Group to offer customers the opportunity to pay in cryptos. Due to the partnership, customers can pay directly in-store for everyday goods through the Crypto.com application without the need to convert crypto to fiat first.
According to a blog post by Crypto.com, starting from today customers holding a Crypto.com wallet can buy everyday items, including petrol, coffee, and fast food across 175 OTR fuel and convenience shop sites. OTR owner Peregrine Corporation plans to increase the capability to another 250 retail sites across Australia.
Crypto.com conducted research which shows that 55% of merchants and consumers want to transact in cryptocurrencies. According to Melbourne-based Crypto.com executive Karl Mohan the innovation within OTR stores is bringing crypto ambitions to life and ensures that Australia is at the forefront of crypto payment advancement.
Findings show that there is a high interest in Australia in making and receiving crypto payments directly. Mainly, merchants and customers prefer transacting in Bitcoin, and Ether but there is also an essential demand for an Australian dollar-pegged stablecoin.