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Giant convenience store in the country ‘On The Run’ (OTR) is going to accept payments in cryptocurrencies soon
A number of companies across the industries around the world are seeking ways to use crypto as their available payment mode. A new name is going to be added to such a list after On The Run would enable support crypto payment.
A major Convenience store chain in Australia, On The Run, which is the largest brick and mortar store in the region, will soon start accepting payments in bitcoin and other digital assets at all its stores located across South Australia as per the reports by The Australian.
The payment would include different measures for different purchases. For instance, fuel customers will be able to pay in crypto at around 170 service stations located all around the state. In several locations in Victoria, OTR has opened its stores also, but it is not clear for now if a crypto payment facility would be available there or not.
Other brands such as Subway and Oporto that operate alongside the outlets of OTR will also be able to adapt the novel payment method. This would allow customers to buy food and beverages to their demands in exchange for cryptocurrencies. Such moves are expected to further accelerate the adoption of cryptocurrencies in Australia.
Finder’s recent survey stated that roughly around 18% of Australian citizens own cryptocurrencies. In terms of crypto adoption, the country has the third-highest rate of adoption all around the world.
The Australian government is currently working on a strong regulatory framework for cryptocurrencies as part of efforts to maintain the country’s payment system. Although filling your car by paying in bitcoin or such cryptocurrency is nothing new, a gas station based in Colorado started accepting Bitcoin payments way back in 2014.
Convenience store giant in America, Sheetz also enabled paying in bitcoin, ethereum, dogecoin, litecoin and alike other cryptocurrencies partnering with Felxa, a Gemini backed startup. Several cryptocurrency kiosk operators in the regions partnered with Circle K to install bitcoin ATMs across all over New York.
The utility of bitcoin is not limited to only payments within the energy sector only. As per the reports, oil giant ExxonMobile has also started running a pilot that works for converting flare gas into energy required for bitcoin mining.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
