CoCa Cola now Accept bitcoin on Australia and New Zealand.

[kryptqnick]

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.

It's great that the adoption by retailers is increasing, but I don't particularly like that in order to pay for Cola with BTC one has to use a basically no-name wallet specifically. Not to mention that as an intermediary, Centrapay probably collects additional fees or something like that. Another thought I have is that Cola is exactly the kind of thing that is not likely to be bought with Bitcoin. It costs less than a dollar, so transaction fees can be ridiculously high in percentage, demotivating to spend BTC on such a small purchase. Add here the service fees of Centrapay and you get an even bigger embarassment of Bitcoin as a payment option...

[k@suy]

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.

It's great that the adoption by retailers is increasing, but I don't particularly like that in order to pay for Cola with BTC one has to use a basically no-name wallet specifically. Not to mention that as an intermediary, Centrapay probably collects additional fees or something like that. Another thought I have is that Cola is exactly the kind of thing that is not likely to be bought with Bitcoin. It costs less than a dollar, so transaction fees can be ridiculously high in percentage, demotivating to spend BTC on such a small purchase. Add here the service fees of Centrapay and you get an even bigger embarassment of Bitcoin as a payment option...

Well it is a very good news for us since the coca cola are accepting bitcoins as a mode of payment on their vendo machines in some countries because it can be a big help for us to mass promote and mass adapt the crypto world. More people will more likely to join here and study what is all about crypto and bitcoin since it will be a part of their lives whenever they buy softdrinks on that particular countries.

[Igor.Pavlovich]

I think that it is a very cool news that coca cola started to accept Bitcoin in Australia. It will be better that it will accept Bitcoin all over the world. More shops accept Bitcoin the better is.

[stompix]

This Is Quite Amazing With The Fact The Coca Cola Is A Very Reliable And Multinational Company Is Adopting The Usage Of Bitcoin As A Means Of Payment. But The Issue Here Is That, Servo Wallet Is A New And Nonrecognised Wallet Which Had Been Tag To Be Scamming And Fraudulent One By This Forum Member Here Warning That The Wallet Has A Malicious Code And Would Probably Steal Crypto Credentials. https://bitcointalk.org/index.php?topic=5252106.msg54533596#msg54533596



Source: https://whois.domaintools.com/servowallet.com

Note  I'm Not Castigating The Image Of Servo Wallet But Just A Common thought About It.

Double-check the news before launching yourself in an investigation, it's not Servo is Silo
https://www.sylo.io/wallet/

No, bitcoin holders are not that stupid to spend their precious BTC just to buy Coke in a vending machine

Yeah, some BTC  holders are far more stupid and they think that simply holding their coins and not spending a satoshi will make them rich.
If nobody is interested in spending them and selling them, there is no usage, there is nobody buying them, there is no utility, it's value will plunge to zero.
Why do you think that bitcoin is the leading currency, because of hoarders? No, because every place that deals with cryptos deals with BTC

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%....

[XCANA]

Coca cola is really a big company and as they accept bitcoin now all the crypto holders will be very grateful.I just waiting to see a news about our country that a big company accepts Bitcoin.

Well, the company in question is really a big company but those who will buy their products might have a rethink before they do that. Bitcoin to be used for their products will either make a buyer to loose or gain on the deal. Personally, I won't buy coca cola for bitcoin because I will be sleepless when that happens, bitcoin is too precious to be used for coca cola in my own view.

[Lizzylove1]

Bitcoin may be heading to its ATH price and even surpassing it with the interest from major companies of the world. Last time the price of bitcoin was driven by speculation and a rush, this time, it will be mass adoption like we have started seeing. Coca-Cola is an household name in the nations of the world.

[MCobian]

I consider 2000 vending machines that can be used to buy Coca Cola with bitcoin is a very good promotion method. Although the transaction
costs are quite high, it's a good idea to increase the popularity of bitcoin and Coca Cola. This is interesting for people who are not familiar
with bitcoin see the bitcoin logo found on vending machines. In the end they became curious and find out about bitcoin, a fairly effective
promotion method.

[LoyceMobile]

No, bitcoin holders are not that stupid to spend their precious BTC just to buy Coke in a vending machine.

Don't spend all your Bitcoin on Coke
But if a company accepts Bitcoin as payment, I reward them by buying their product if I can.
We won't get adoption without actually using Bitcoin.

[jostorres]

This is good news and the first I’m seeing today. I don’t know about this Centrapay, so I will have to research and read about them so I can understand how they are integrating Bitcoin for payment. This is something that has been difficult to achieve. If truly Centrapay can solve this issue, then we should be looking forward to a wide adoption because a lot of companies will start adopting Bitcoin payment and displaying it on their platform.

And as for choosing to work with Coca-Cola? That’s the coolest thing ever. Coca-Cola is like the biggest beverage company, imagine how many people are going to be buying from that vending machine and getting to know about Bitcoin.

[guigui371]

I did some work for Sylo, principally as a low-level consumer consultant for the local market (NZ).
Glad to see that they are pulling this one with the vending machine and coca cola !

I'll look around for btc compatible machine, and will definitely use them even if i'm not thirsty.
you gotta create the market if you want the market to expend.  

I don’t know about this Centrapay,

IT appears to be part of "centrality"

[Alert31]

It's raelly a good newsbecause Coca-cola is a big company that is one of peoples favorite beverage.This is a good start in adoption of bitcoin in Australia and New Zealand if people will patronize it and the transaction fees is just fair. Hoping to see this bitcoin usage  improvement in other countries.

[Sadlife]

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.

[rodskee]

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.

[YOSHIE]

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:

Australia, New Zealand, Indonesia, Papua New Guinea, Fiji and Samoa.

source: Australians and Kiwis Can Now Buy Coca-Cola With Bitcoin

Over 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.

[btc78]

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.

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.

[carlisle1]

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.

[batang_bitcoin]

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%....

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.

[NotATether]

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.

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.

[stompix]

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.

[danherbias07]

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.