On The Run (OTR) service stations across Australia can now accept cryptocurrencies such as Bitcoin (BTC) as payment. This is confirmed in an official blog post by Crypto.com, which is one of the three major players in this partnership agreement.

This means that all 175 OTR branches and all of its services, including convenience stores, will have cryptocurrency as an alternative payment option. The rollout is effective immediately across states such as Victora,  Western Australia, and South Australia.

gasoline pumps

Apart from Crypto.com, the endeavor was also partnered with Datamesh. While Crypto.com’s Pay Merchant will be the main transaction platform, Datamesh will provide the point of sale terminal.

Users simply have to use the Crypto.com main app to scan a QR code on their phone. After the payment method has been authorized, the transaction is settled instantly to that particular branch or store in Australian dollars (AUD).

Aside from the main OTR gas station, its parent company Peregrine Corp. also plans to extend the feature to 250 more retail sites of various commercial specialities.

This includes Krispy Kreme stores in South Australia and Northern Territory. In addition, OTR is currently offering a 2% cashback on crypto purchases made until September 16th.

Australia crypto adoption milestones

Crypto.com’s blog post also elaborated on other Australia-related crypto statistics and data (gathered by PureProfile from late May to early June this year) that supported this business decision. A couple of the interesting ones mentioned were: 

crypto.com app enables the Australia crypto adoption
  • More than half of consumers and businesses surveyed in (crypto) research today want to transact in cryptocurrency
  • More than a million Australians already have cryptocurrency-based digital assets, averaged at about $20,000 per user.
  • Bitcoin (BTC) and Ethereum (ETH) are usually preferred, but there is also a huge demand for Australian dollar-backed stablecoins.
  • A third of the merchants within the same survey say they’re ready to accept a crypto transaction system within a year. The rest says they also can within three years.
  • While in-store purchases are convenient, a considerable majority would still like to focus on online transactions when using cryptocurrencies.

For Australians already familiar with local crypto statistics, OTR’s big partnership may not have been surprising news. But, to the higher-ups observing the developments, this is a major step toward the impetus to formally regulate such digital assets in the country.

After all, just a week ago, the chairman of the Australian Securities and Investments Commission (ASIC) reiterated his concerns over the booming popularity of crypto investment in Australia.