According to a report in The Australian, On The Run (OTR), a large convenience store chain, would soon enable support for Bitcoin and other cryptocurrencies at all of its locations in South Australia.
Customers will soon be able to pay for gas at one of the state’s 170 service stations, which are spread across the state’s rural and urban areas. OTR has also opened many sites in Victoria, however it is unclear if crypto payments will be accepted there.
Other companies that operate alongside OTR shops, such as Subway and Oporto, will be allowed to implement the new payment option, allowing customers to pay for food and drinks using a variety of cryptocurrencies.
The measure is likely to hasten the adoption of cryptocurrencies in Australia.
According to a recent Finder survey, around 18 percent of Australians possess cryptocurrency. The country boasts the world’s third-highest adoption rate.
As part of its drive to modernize the country’s payments system, the Australian government is now working on a robust cryptocurrency regulatory framework.
Using Bitcoin to fuel your car is nothing new. As early as 2014, a Colorado gas station began accepting the world’s largest cryptocurrency.
Sheetz, the American convenience store juggernaut, has partnered with Gemini-backed company Flexa to allow customers to pay using Bitcoin, Ethereum, Litecoin, Dogecoin, and other cryptocurrencies.
Several bitcoin kiosk owners teamed up with Circle K last August to build Bitcoin ATMs across New York.
The utility of Bitcoin is not restricted to payments in the energy sector. ExxonMobil has begun a test program to turn flare gas into energy for Bitcoin mining.
Related Posts – XRP Price Goes Up After Unexpected Reappearance On Coinbase
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.