For years, the cryptocurrency industry has sought mainstream and retail recognition in the real world. However, the cryptocurrency sector had to face many hurdles and difficulties when seeking worldwide recognition.
The biggest obstacle to the expansion of cryptocurrencies is the regulatory checks and confinements that have made the environment very tight for them.
Still, the cryptocurrency industry has managed to grow out of its jurisdiction. The technology has started to find exposure among the most common people that would ensure the longevity of cryptocurrencies.
Australians are Growing Fond of Cryptocurrencies
While the rest of the world is trying to figure out what they need to do with cryptocurrencies, Australians have decided how they will interact with them.
In Australia, cryptocurrencies are being used for some of the most common but unusual things, making things quite interesting.
Cryptocurrencies are now being used by Australians to pay for bills at petrol stations as well as convenience stores.
On the Run is Offering Convenience
On The Run (OTR) has reportedly started to offer a platform that the commoners will be able to use to make payments using cryptocurrencies.
The OTR has launched a payment support facility for cryptocurrencies. For now, the service is available across a long list of convenience stores and petrol stations.
For now, this facility is available to the people living in Western Australia (WA), Southern Australia (SA), and Victoria (VIC). The announcement regarding the launch of the service was made on Thursday.
Collaboration between OTR, DataMesh, and Cryptoc.com
OTR has revealed that it has been able to offer cryptocurrency payment platforms at the stores in collaboration with two major entities.
These entities include a payment systems provider from Sydney, DataMesh, and a cryptocurrency exchange based in Singapore, Crypto.com.
Through the cryptocurrency exchange, the OTR has acquired the payment settlement layer, which is Crypto.com’s Pay Merchant service.
Whereas, Datamesh took the responsibility of providing the stores with the terminals that will be used for accepting payments in real-time.
Karl Mohan’s Remarks on the Recent Project
Karl Mohan, the APAC general manager at Crypto.com shared their combined achievement with the OTR and Datamesh.
He revealed that their latest project was the fastest accomplished one as it took them only 8 weeks to bring the concept to production. It was just 8 weeks back when they had the proof of concept approved and as of now, they are recording production.
Mohan stated that for now, they have a very small number of stores where they are literally testing their product. They have plans of taking their plans to the next level as they want to cover many stores in the upcoming weeks.
