Australians and New Zealanders to Buy Coke With Bitcoin

Over 2.000 vending machines now accept the world’s benchmark crypto.

Since there are thousands of possibilities across the globe where to spend Bitcoin, Coca Cola vending machines have never been an option. Until now.

Coke lovers in Australia and New Zealand can now use their Bitcoin to buy a drink from Coca Cola vending machines. Over 2.000 vending machines across both countries now accept the world’s benchmark cryptocurrency as part of the deal between Coca Cola Amatil and digital asset integrator Centrepay.

The vending machines that accept Bitcoin as a payment method are operated by the biggest bottler and distributor in the Asia-Pacific region Coca Cola Amatil. Reportedly, they will accept Bitcoin payments by using Sylo Smart Wallet. As it is known, the wallet users will be able to buy a drink by scanning the QR payment code.

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Currently, Bitcoins will be the only option for those who want to pay for Coke in crypto. However, Centrapay’s CEO Jerome Faury reveals that the platform plans to integrate other digital coins as a payment method.

According to his Twitter comment, the company is most likely to add stablecoins, ERC20 tokens, and digital fiat. Faury also revealed Centrapay’s future plans for the American market:

Now we’ve shown how it can work in Australia and New Zealand, we’re looking to grow the business globally. We’ve established a presence in North America and will be targeting the US market next with some world-first innovations.

Wider cryptocurrency acceptance

Although the top-rated cryptocurrency is mostly used as a long-term investment, the crypto industry is constantly making movements towards the broader usage of virtual currencies. Numbers of merchants add digital currencies as the alternative to their traditional fiat payment methods.

The world’s dominant cryptocurrency is widely accepted when you look at the statistics. According to Coinmap data, there currently are over 19.400 venues that accept Bitcoin payments around the world.

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Since Europe and North America regions dominate the statistics, according to Coinmap, South American and Asia-Pacific regions also show a tendency towards wider Bitcoin adoption. Furthermore, the demand for the Bitcoin ATM is constantly growing as well. As shown in the data from Statista, up to June 2020 there are nearly 8.000 Bitcoin ATMs worldwide.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia