OTR launches first in-store crypto payments across retail network
The Australian service station brand has partnered with Crypto.com and DataMesh Group to offer customers the option to pay for fuel and convenience store services via cryptocurrencies.
OTR has launched its crypto payment services across its 175 locations throughout Australia thanks to a new partnership with cryptocurrency platform Crypto.com and the payment terminal provider DataMesh Group. Now customers can use their Crypto.com wallet to purchase everyday items such as petrol, coffee and sandwiches by simply scanning a QR code on their phone.
Peregrine Corp, the owner of OTR, plans to roll out the capability to another 250 retail sites across the country, including Krispy Kreme stores in South Australia and the Northern Territory. Until 16 September, OTR customers who pay with crypto will also be offered 2% cashback on purchases.
“The OTR story is about giving customers choice and making life easy. The decision to offer cryptocurrency payments is centered around this story – by offering our customers convenience in how they pay, whether it be cash, card or crypto,” said Yasser Shahin, Executive Chairman of Peregrine Corporation.
At time of payment, the merchant selects Crypto.com as the preferred payment type, generating a dynamic QR Code on the terminal which is scanned through the customer’s Crypto.com App. The customer then selects and authorises their preferred cryptocurrency for payment, which is settled instantly to the merchant in fiat AUD.
“Our latest research shows that 55% of both merchants and consumers want to transact in crypto and this innovation within OTR stores is bringing these ambitions to life and ensuring that Australia is at the forefront of crypto payments evolution,” added Karl Mohan,General Manager for Asia & Pacific at Crypto.com.
