Convenience store and petrol station brand On The Run has launched crypto payment support across all 175 of its petrol stations and convenience stores across Victoria, South Australia , and Western Australia.
The move is part of a collaboration between OTR, Crypto.com and DataMesh, a Sydney-based payment systems provider. The exchange has provided its Pay Merchant service as a payment settlement layer, while Datamesh has provided the point of sale terminals.
Crypto.com’s Asia & Pacific general manager Karl Mohan noted that it only took eight weeks to from the time of proof of concept to the point of actually getting a full scalable production-ready environment. Mohan noted that while 175 OTR stores have initially been outfitted with the infrastructure, the crypto payments service is operationally ready to scale much further.
Adding to the 175 stores, OTR’s parent company Peregrine Corp intends to roll out the crypto payments service to another 250 retail sites across the country such as Subway, Oporto and Krispy Kreme.
Mohan also stated that Crypto.com charges zero fees on the transactions in this context. However, there will be fees on the merchant’s end, which will set their own rates. Such may suggest that transaction costs could be similar to that of card payments with fiat.
