Bitcoin mass adoption is only a matter of time. Previously, those who adopted bitcoin as a means of payment included Starbuck (a famous coffee shop around the world), KFC (the Largest Fried Chicken Company in the world), Domino's Pizza (American chain of international pizza restaurants). And now Coca Cola has begun to adopt bitcoin as well as the payment option they provide.
Companies that adopt bitcoin as a method of payment, of course, have gone through lengthy discussions. Bitcoin is adjusted to their platform so that Bitcoin can be an alternative payment.
Topic: CoCa Cola now Accept bitcoin on Australia and New Zealand. (Read 898 times)
Oh, i always want to buy coca cola with my crypto, must have feature (no)
Hey at least its not coffee...
That said, you could always exchange with the shop owner in advance, its not like people usually interact directly with the Coca Cola company. Unless its some sort of vending machine?
Or Coca Cola wants to associate its image with a "cool millennial thing" like Bitcoin, in which case its "free" promotion (actually paid when you buy their product).
But bitcoin was meant to be used to buy things, including this. So why not?
I see this as a good adaption especially from a big company, it's a good way to promote bitcoin in the public. However, I don't think a lot of users will actually pay using bitcoin for one drink. If you're just planning to buy a small drink, I think it's more efficient to use a bill or coin than bitcoin.
For the holder's side, I think not everyone will personally be spending bitcoin for a can of coke but on the other side, it's a good opportunity for crypto and bitcoin itself to get recognized by the public. But maybe other bitcoin holders might try this if it's available in a lot of places since it's still nice to have this first-hand experience like using bitcoin because like this is not always available in some countries.
For the holder's side, I think not everyone will personally be spending bitcoin for a can of coke but on the other side, it's a good opportunity for crypto and bitcoin itself to get recognized by the public. But maybe other bitcoin holders might try this if it's available in a lot of places since it's still nice to have this first-hand experience like using bitcoin because like this is not always available in some countries.
It will be better if there will be no conversion that will happen.
Like 20k Satoshi for every can of coke without changing it whether the value of bitcoin goes up or down.
But I doubt they will do that.
Business is business, companies that will adopt crypto will always look for benefits, it's not unusual for this companiesLike 20k Satoshi for every can of coke without changing it whether the value of bitcoin goes up or down.
But I doubt they will do that.
to to hold unless there's an insiders that will dictate to hold.
Without any further information it will cycle in a normal ways, accept crypto then convert it to fiat value same cycle
with any payment transactions.
It will always be for profit at the end of the day.
If one will exist in our country I might try it once just for experience.
That's how business works, even normal people also aimed for benefits and how they can use the system to take advantages
and enjoy the profits.
So I guess that Australia and New Zealand are crypto-friendly countries.
How many Australians and people from New Zealand are true Bitcoin supporters and are actively using Bitcoin to purchase stuff everyday?I don't think the number is that big,so it's not worth it to invest into creating 2000 vending machines that accept BTC payments.BTC should be used for buying more expensive stuff,like cars,real estate,electronics,clothes.
Anyway,knowing that a huge global brand like Coca Cola is supporting Bitcoin is a big boost for Bitcoin's overall image as a trusted currency.
How many Australians and people from New Zealand are true Bitcoin supporters and are actively using Bitcoin to purchase stuff everyday?I don't think the number is that big,so it's not worth it to invest into creating 2000 vending machines that accept BTC payments.BTC should be used for buying more expensive stuff,like cars,real estate,electronics,clothes.
Anyway,knowing that a huge global brand like Coca Cola is supporting Bitcoin is a big boost for Bitcoin's overall image as a trusted currency.
2000 vending machines were set up to accept bitcoin as payment for Coca Cola products on Australia and New Zealand. This is possible with regards to the Partnership of Coca Cola Amatil with Centrapay - A digital asset integrator which signed a contract with CCA to use their Sylo Smart Wallet
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.
I am hoping to see the adoption extend through out the entire globe. Do you think this is a good start as adoption for bitcoin? Im thinking if many bitcoin holders will used it for this simple product. Wondering if the transaction fee also is worth it on a one tin can Coca Cola drink.
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.
I am hoping to see the adoption extend through out the entire globe. Do you think this is a good start as adoption for bitcoin? Im thinking if many bitcoin holders will used it for this simple product. Wondering if the transaction fee also is worth it on a one tin can Coca Cola drink.
This is one great initiative from Coca Cola company that surely now realized the advantage of Bitcoin towards their business.
From papajohn's pizza,to KFC chicken and Starbucks coffe (of course theres other more) now the most popular soda company in the whole world are accepting Bitcoin in New Zealand and Australia ?this means in the next coming years this effect will happen also in other part of the world and finally Asia?
It is always good to have adoption. Though the article says the users have to first install the "Sylo smart wallet". This should only be optional and users should have the freedom to pay BTC through any method they want. Even the partnering payment processor, Centrapay would benefit more if they were to just take responsibility of setting up an open payment method at the vending machine end and not restricting the user to install a separate wallet for it.
You do all the partnership, marketing thing. You put in the hard work to get yourself a deal with coca-cola executives and then shoot yourself in the foot with a restrictive wallet service. When will business people learn their open source lesson? Still, good news. One step at a time.
You do all the partnership, marketing thing. You put in the hard work to get yourself a deal with coca-cola executives and then shoot yourself in the foot with a restrictive wallet service. When will business people learn their open source lesson? Still, good news. One step at a time.
It will be better if there will be no conversion that will happen.
Like 20k Satoshi for every can of coke without changing it whether the value of bitcoin goes up or down.
But I doubt they will do that.
It will always be for profit at the end of the day.
If one will exist in our country I might try it once just for experience.
Like 20k Satoshi for every can of coke without changing it whether the value of bitcoin goes up or down.
But I doubt they will do that.
It will always be for profit at the end of the day.
If one will exist in our country I might try it once just for experience.
Why only once? You should support blockchain idea, make cryptocurrency circulate more. Otherwise what is the point of Coca Cola and others implementing option to pay in cryptocurrency, when everyone prefer to hold it instead of using.
I think it's a good idea to let people buy things with bitcoins. I really find myself contend about keeping in budget while travelling aboard.
It would be beneficial if you got good gains on bitcoin isn't it? it is convenient when you bought bitcoin somewhere in $3K then you spend it in around $5K, that's almost double so I think that would be the best case scenario in spending bitcoin. So, ideally bitcoin is spendable, correct, however there are some reservations with consequences imo. Not just because I don't have the money but due to hassle of currency exchange and getting an ATM that supports your card. With flights and hotels booked online, if we could implement bitcoin payment on other services, we would not need to carry cash.
We already have credit cards for these transactions online and wired, apart from these we already have digital payment processors we have bunch of them to choose from. Bitcoin was really for investment today. I think it's a good idea to let people buy things with bitcoins. I really find myself contend about keeping in budget while travelling aboard. Not just because I don't have the money but due to hassle of currency exchange and getting an ATM that supports your card. With flights and hotels booked online, if we could implement bitcoin payment on other services, we would not need to carry cash.
I was always interested, why people while being abroad rush to withdraw local cash from ATM? What is the point of doing that? Do these people visit shady shops and are afraid to use their card there? By withdrawing local cash from ATM you lose double. First is the bank commission, second is spare change - not a single money exchange will accept coins for exchange. So generally your exchange rate is super low.
I think it's a good idea to let people buy things with bitcoins. I really find myself contend about keeping in budget while travelling aboard. Not just because I don't have the money but due to hassle of currency exchange and getting an ATM that supports your card. With flights and hotels booked online, if we could implement bitcoin payment on other services, we would not need to carry cash.
It will be better if there will be no conversion that will happen.
Like 20k Satoshi for every can of coke without changing it whether the value of bitcoin goes up or down.
But I doubt they will do that.
It will always be for profit at the end of the day.
If one will exist in our country I might try it once just for experience.
Like 20k Satoshi for every can of coke without changing it whether the value of bitcoin goes up or down.
But I doubt they will do that.
It will always be for profit at the end of the day.
If one will exist in our country I might try it once just for experience.
Why only once? You should support blockchain idea, make cryptocurrency circulate more. Otherwise what is the point of Coca Cola and others implementing option to pay in cryptocurrency, when everyone prefer to hold it instead of using.
It will be better if there will be no conversion that will happen.
Like 20k Satoshi for every can of coke without changing it whether the value of bitcoin goes up or down.
But I doubt they will do that.
It will always be for profit at the end of the day.
If one will exist in our country I might try it once just for experience.
Like 20k Satoshi for every can of coke without changing it whether the value of bitcoin goes up or down.
But I doubt they will do that.
It will always be for profit at the end of the day.
If one will exist in our country I might try it once just for experience.
I wish they had a way of topping up your balance in bitcoin so that you can send a lot of bitcoin to a vendor all at once, making the size of the transaction fee pale in comparison. Then you could buy stuff from vending machines with your balance that will be free from paying tx fees. Because of the way bitcoin payments work, a lot of services are only feasible (recurring subscriptions and cheap items come to mind), if you pay in advance.
Yeah, that would work better for fees but it wouldn't from the perspective of your keys your coins.
As it seems sylo has no control over your wallet other than terminating your account with them, but the balance and the funds are out of their reach.
So it works more like a normal wallet, your keys, your funds, nobody can touch them so in order to be sure you actually purchase this they will have to create a transaction each time. If they would have gone the way others have chosen, like wirex for example with their card and wallet, they could have dropped the fees since those would be internal transactions, much like paypal, but it would come with a lot of complaints about people having their accounts locked with money in them, money laundering, kyc stuff.
They've chosen the fewer headaches solution for it, unfortunately, it comes...at a cost.
I don't think Coca-cola itself is that big or interested in bitcoin payments, after all it's one of their distributors who's partnering with a payment vendor not Coca-cola itself. Coca-cola doesn't directly sell coke to consumers AFAIK.
It's the same story again, BMW accepts BTC but only though one dealership in the UK, KFC accepts BTC but only at a few shops in Canada and so on and on..
It's not Coca-cola, it's a subsidiary and they don't touch BTC they only receive NZD.
Ooops, if that's 20% that's going to be that much but looking to the conversion in centavos which is still fine for me. Well, basically that's already a lot for the fees if someone is conservative adjusting fees.
If there's one in my place I'll still take a bottle and would support it.
If there's one in my place I'll still take a bottle and would support it.
I wish they had a way of topping up your balance in bitcoin so that you can send a lot of bitcoin to a vendor all at once, making the size of the transaction fee pale in comparison. Then you could buy stuff from vending machines with your balance that will be free from paying tx fees. Because of the way bitcoin payments work, a lot of services are only feasible (recurring subscriptions and cheap items come to mind), if you pay in advance.
I don't think Coca-cola itself is that big or interested in bitcoin payments, after all it's one of their distributors who's partnering with a payment vendor not Coca-cola itself. Coca-cola doesn't directly sell coke to consumers AFAIK.
Wondering if the transaction fee also is worth it on a one tin can Coca Cola drink.
There will be a fee and expect it but a cents of fee? I don't think that will hurt bitcoin users paying a drink of coke.My post from the press board:
Bad thing...
50 cents ($) fee for a bottle of coke, 20%....
50 cents ($) fee for a bottle of coke, 20%....
If there's one in my place I'll still take a bottle and would support it.
I'll look around for btc compatible machine, and will definitely use them even if i'm not thirsty.
This is one of the best post so far that i read in this thread,supporting the Use of Bitcoin even if you are not thirsty is something that tells us how you wanted the circulation of bitcoin be continues and grows.
If ever this will be available in our country then like you i will buy coca cola in vending machine instead in grocery just to support the use of Bitcoin.
2000 vending machines were set up to accept bitcoin as payment for Coca Cola products on Australia and New Zealand. This is possible with regards to the Partnership of Coca Cola Amatil with Centrapay - A digital asset integrator which signed a contract with CCA to use their Sylo Smart Wallet
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.
I am hoping to see the adoption extend through out the entire globe. Do you think this is a good start as adoption for bitcoin? Im thinking if many bitcoin holders will used it for this simple product. Wondering if the transaction fee also is worth it on a one tin can Coca Cola drink.
damn How i wish that the vending machines here in our country will be open for using QR code and may be accepting Bitcoin a payment as well.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.
I am hoping to see the adoption extend through out the entire globe. Do you think this is a good start as adoption for bitcoin? Im thinking if many bitcoin holders will used it for this simple product. Wondering if the transaction fee also is worth it on a one tin can Coca Cola drink.
This means Coca Cola is extending their acceptance meaning if this can be done in australia then the whole world will follow if they found this profitable and helpful.
Wondering if the transaction fee also is worth it on a one tin can Coca Cola drink.
You are right, I have also seen today in several media sources stating Coca-Cola on the Asia Pacific continent, can be bought and sold with Bitcoin, maybe things happening in Australia are also likely to be enforced in several other coun:for example:
Quote
Australia, New Zealand, Indonesia, Papua New Guinea, Fiji and Samoa.
source: Australians and Kiwis Can Now Buy Coca-Cola With BitcoinOver 2,000 Coca-Cola Machines Now Accept Bitcoin in Australia and New Zealand
I have not read in detail how much Bitcoin costs, which must be incurred when making transactions Coca-Cola /bottles, maybe other countries also depends on other costs, however, Coca-Cola is my favorite drink from the past, this can make it easier for me to make transactions, if the cost is lower than an online motorcycle taxi.
We have seen many development with Bitcoin's adoption such as Italy accepting it as payment. For a whole nation to make it legal is very bullish and now big companies started to accept it. Step by step Bitcoin is getting recognize with global turmoil caused by covid19 it has gotten popular even in google searches.
This recognition coming from bigger company will bring impacts that create interest from more businesses around the world,with this development bitcoin will benefits.
A good sign for each investors and traders who are still inside this industry as time goes and more established businesses that
will adopt the system and use it for payment transactions.
Expect that from this good start, spark will be there and value will slowly rise high with good support barriers as there's usages
that will keep the cycle to continue moving forward.
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