Coca-Cola vending machines in Australia and New Zealand now accept bitcoin

Bitcoin • June 9, 2020, 7:31AM EDT
UPDATED: June 9, 2020, 11:25AM EDT
Kevin Khoo/ shutterstock.com

More than 2,000 Coca-Cola vending machines across Australia and New Zealand now accept bitcoin (BTC) as a payment option.

Coca-Cola Amatil, the largest bottler and distributor of the brand in Asia-Pacific, has partnered with crypto payments startup Centrapay, for the initiative.

To get started with BTC payments, users would need to install Sylo Smart Wallet on their phones. Once the wallet is installed, Centrapay allows users to scan a QR code to pay for Amatil’s items in bitcoin and other digital currencies. 

Centrapay said it helps brands to connect directly with users and help increase their revenue potential. Adidas, KFC, and Jack Daniel's are some of the brands listed on its website as customers.

Centrapay CEO Jerome Faury said the firm had solved two barriers to the adoption of digital assets - "integration complexity and poor user experiences." Looking ahead, Centrapay plans to grow its business globally. “We’ve established a presence in North America and will be targeting the US market next with some world-first innovations,” said Faury.

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Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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