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Australian network of gas stations and roadside stores On The Run announced the launch of support for cryptocurrency payments in all 175 points of the network.
Initially, it was assumed that support for cryptocurrencies would be added in July, but the implementation of the project was slightly delayed. However, as the manager of the Crypto.com exchange for the Asia-Pacific region Karl Mohan emphasized, it took only 8 weeks to test and fully deploy the project. The project involves Crypto.com and Australian payment service provider DataMesh.
Mohan stressed that the implementation of cryptocurrency payments makes it easy to scale the number of service points. On The Run’s parent company, peregrine Group, plans to install terminals in another 250 retail outlets, including Subway Cafe and Krispy Creme.
“Now any owner of a store or cafe, or the head of a network for a thousand stores can easily connect to cryptocurrency payments,” Mohan emphasized.
Top manager Crypto.com noted that the exchange does not charge commissions for transactions. However, stores will have commissions, the size of which will be comparable to payments by plastic cards. Mohan believes that one of the key requirements for the spread of cryptocurrency payments in Australia is the support of stablecoins pegged to the Australian dollar. This will greatly simplify taxation.
Recently, support for payments in cryptocurrencies was launched by the Soneva network of elite hotels, operating in Thailand and the Maldives.
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