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Vending machines operated by major Asia-Pacific soft-drink bottler and distributor Coca-Cola Amatil will now be accepting payments in crypto.
Vending machines operated by major Asia-Pacific soft-drink bottler and distributor Coca-Cola Amatil will now be accepting payments in crypto.
The development follows a new deal with digital asset platform Centrapay announced on Monday.Â
Coca-Cola Amatilâs network of 2,000-plus vending machines in Australia and New Zealand will enable consumers to spend their crypto by using their smartphone cameras to scan a QR code payment sticker, provided they have the Sylo Smart Wallet installed.
Sylo Smart Wallet is a decentralized application that integrates messaging services with a digital wallet, with support for major digital assets such as Bitcoin (BTC) and any ERC-20 token.
Post-pandemic, the case for cashless retail payments is stronger
Centrapayâs CEO Jerome Faury has pointed to greater awareness of the need to reduce physical contact in retail locations due to the global COVID-19 public health crisis.
The companyâs deal with Coca-Cola Amatil â ostensibly one of the worldâs largest bottlers of the Coca-Cola range, serving 270 million consumers â has been presented as a first step in bringing easier access to crypto for global consumers.
âNow weâve shown how it can work in Australia and New Zealand, weâre looking to grow the business globally. Weâve established a presence in North America and will be targeting the U.S. market next,â Faury said.
Centrapay focuses on tackling barriers to the adoption of Web 3.0 technologies â particularly digital assets and digital identity services â which it attributes to âintegration complexityâ and âpoor user experiences.â
Not the first time that Coca-Colaâs partners have turned to blockchain
As Cointelegraph has previously reported, while Centrapay and Coca-Cola Amatil are focusing their sights on consumers and merchants, other Coca-Cola bottlers have already adopted blockchain technology on the supply chain side.
In November 2019, Coke One North America â the firm that manages information technology operations for the soda giantâs bottlers â began using a blockchain solution developed by German software firm SAP to manage its supply chain.Â
The company oversees multiple franchises that manufacture, bottle and ship nearly 160,000 orders of Coca-Colaâs products daily.
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