Wed. Jun 29th, 2022

Bitcoin It is still an evolving currency at different points, but one of the most important is the search for greater adoption, always encouraging more stores to accept the payment method. To help build this ecosystem, a network of convenience stores and gas stations in Australia will now accept bitcoin. Chain “On The Run”, a chain of convenience stores and gas stations that has been operating in the country for 30 years, will soon start accepting cryptocurrency payments at 170 stores and gas stations located in South Australia and the Victoria region. The network’s decision to accept digital currencies will allow customers to pay for gas, snacks and groceries at any of the stores. with more than 30 cryptocurrencies.

The parent company of On The Run, Peregrine Corporation, one of the largest private companies in South Australia, will also accept cryptocurrencies in the stores subway, Port and smokemart. Full integration with the cryptocurrency payment service will be completed in July, when the organization becomes the largest company in the country to accept retail cryptocurrency payments. As usual, the processing of the cryptocurrency payments It will not be done directly by the company, but by third parties. The introduction of On The Run cryptocurrencies was facilitated by the cooperation with the cryptocurrency exchange Crу, one of the best known in the Asian crypto market. Sydney-based payment system provider Datamesh will implement point-of-sale terminals that will allow shoppers to use their crypto through the Crу app.

Cryptocurrency adoption

A Crу survey published in February this year showed that only 4% of surveyed merchants worldwide already accept cryptocurrencies as payment, a considerably low figure for a currency that is intended to replace fiat money. However, the survey also notes that 60% of respondents have some interest in accepting crypto on their services in some way, which is already a more encouraging figure. With this, if there is the necessary demand to justify the use of bitcoin, the On The Run network can be a good example of the use of cryptocurrencies as a payment method.

By Farwa Raza

Farwa Raza is a writer who specializes in news articles. She has been writing on for over one years, and during that time she has written over 100+ articles on various topics ranging from politics to entertainment. Her goal as an author is to provide readers with the latest news stories while also providing her own opinion on them.