OTR, Peregrine Corp Dealers Now Accepting Bitcoin – Bitcoin Magazine
- Australian consumers can now use bitcoin for everyday purchases at over 175 OTR locations and 250 Peregrine Corp. locations.
- OTR partnered with Crypto.com to provide instant fiat conversions from bitcoin to Australian dollars for the merchants.
- DataMesh Group provides payment infrastructure to bridge the gap between OTR and Crypto.com.
Australian consumers can now use bitcoin for everyday purchases at more than 440 outlets owned by Peregrine Corp., including over 175 OTR fuel and convenience stores.
The feature is implemented through a partnership with cryptocurrency exchange Crypto.com, according to a press release.
To use the service, consumers who want to use bitcoin or another cryptocurrency select Crypto.com as their payment method, which then generates a QR code. Then the consumer simply selects the currency they want to use, scans the code, and the payment will be instantly settled in Australian dollars for the merchant.
DataMesh Group, a payment infrastructure provider, serves as the backbone connecting the retail locations to the cryptocurrency exchange.
“We know that merchants see many alternative payment instruments, including crypto, as an opportunity to diversify their payment streams and attract new customers, which is why we are determined to deliver integrated processing capabilities that will make crypto payments fast and accessible to everyone involved. ” said Mark Nagy, CEO of DataMesh.
From today, all OTR locations across Victoria, South Australia and Western Australia can accept bitcoin as payment, according to the release. In addition, consumers will be able to take advantage of this service at 250 additional retail locations owned by Peregrine Corp., OTR’s parent company.
“The OTR story is about giving customers choice and making life easy,” said Peregrine Corporation Executive Chairman Yasser Shahin. “The decision to offer cryptocurrency payments is centered around this story – offering our customers convenience in how they pay, whether it’s cash, card or crypto.”
Furthermore, customers shopping at OTR locations will receive an additional 2% cashback on all bitcoin purchases until September 16.
The partnership comes after a recent Crypto.com survey found that over 55% of merchants and consumers want to use bitcoin and other cryptocurrencies for everyday purchases.
