CoCa Cola now Accept bitcoin on Australia and New Zealand.

[bgaf]

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.

[jackg]

On the fee side I think you'd just load up your centraoay account. So if you're going to spend $30 in a month you can put that on there in advance and pay $0.03 in fees or something.

I have more issues with the qr code scanning idea, why can't they use nfc like visa contactless, surely that'd make more sense (especially if they're not using lightning)?

Id present a problem of them just offering beverages this way which might be a bit of a limited market (as opposed to offering food) but vending machines are always pretty expensive when compared with shops and sometimes cafes.

[cryptomaniac_xxx]

No, bitcoin holders are not that stupid to spend their precious BTC just to buy Coke in a vending machine. And they are trying to promote "Sylo - Smart Wallet & Messenger" - available in Google Play https://play.google.com/store/apps/details?id=io.sylo.dapp&hl=en. But just look at the reviews. Hmm...

[batang_bitcoin]

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.

Something like this is always beneficial and good for bitcoin. We rarely see this kind of innovation and adoption somewhere in the world. This is a very good initiative for Coca Cola and those partners that they have in ANZ.

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.

[DoubleEdgeEX]

Fantastic news! That and the info about Fidelitys research are huge developments for global mass adoption. Fideltity info: https://cointelegraph.com/news/one-third-of-institutions-have-invested-in-crypto-says-fidelity
The more use it the better

[Latviand]

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.

Something like this is always beneficial and good for bitcoin. We rarely see this kind of innovation and adoption somewhere in the world. This is a very good initiative for Coca Cola and those partners that they have in ANZ.

This should be advertised so that people will know that bitcoin can be used in a transactions like this. Coca cola is a big company and if people find out that they are accepting bitcoin, this will become the best way for us to help its promotion in every country that have a Coca cola company. I know it is not that easy but things will put into its place once there is a good start like this.

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.

Fees are for taxes that they are paying to the authority and it is really not that expensive because if the fees are higher just to drink a coke, people will not waste their money into that. So Coca cola company will become more popular and effective in their business because of the right decision that they made toward bitcoin.

[leway.ph]

Maybe this is a good start to promote bitcoin at all, because how? if not his kind of ways? But to think the fee to spend for small amount uhmmm  unless Coca Cola Company offer minimum order to use bitcoin, because surely if payee just put small amount to its transaction fee then I guess it will took days for Coca Cola receive the payment. But I believe that this company knows the good reputation and how bitcoin works that is why they engage to this kind of strategy.

Cheers for Coca Cola, hope to here more about the progression of this, of how many people avail drink using bitcoin thru vending machines.

[bitbunnny]

No, bitcoin holders are not that stupid to spend their precious BTC just to buy Coke in a vending machine. And they are trying to promote "Sylo - Smart Wallet & Messenger" - available in Google Play https://play.google.com/store/apps/details?id=io.sylo.dapp&hl=en. But just look at the reviews. Hmm...

Bitcoin is not used only by holders and the point of Bitcoin is not just holding it indefinetely in some wallet.
Spending Bitcoins is not stupid. It's only up to every user to decide what is for him worth spending Bitcoin for, is this a Coke from the maschine, new computer or something else, it's actually not relevant.
Anyway, every promotion is good for Bitcoin although I don't think it's crucial  for better adoption, that is far more complex question.

[Yaunfitda]

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

We don't know, maybe bitcoin holders will try just for the experience, but we don't know if they are wiling to download the wallet though, it's a different story. This is just like using bitcoin atm, the fees are high but there are still bitcoin enthusiast who still uses it.

I wouldn't say that this is closer to adoption, but definitely, seeing a BTC logo in a Coca-cola vending machine is unusual and might excite no-coiners. So I still consider this a good advertisement more for bitcoin than Coca-cola.

[batang_bitcoin]

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.

Something like this is always beneficial and good for bitcoin. We rarely see this kind of innovation and adoption somewhere in the world. This is a very good initiative for Coca Cola and those partners that they have in ANZ.

This should be advertised so that people will know that bitcoin can be used in a transactions like this. Coca cola is a big company and if people find out that they are accepting bitcoin, this will become the best way for us to help its promotion in every country that have a Coca cola company. I know it is not that easy but things will put into its place once there is a good start like this.

No need to but if Coca-Cola will add this feature to their ad, then that's another exposure for bitcoin. They just didn't helped bitcoin through accepting it but also gave an airtime.

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.

Fees are for taxes that they are paying to the authority and it is really not that expensive because if the fees are higher just to drink a coke, people will not waste their money into that. So Coca cola company will become more popular and effective in their business because of the right decision that they made toward bitcoin.

I'm thinking about the transaction fee and it's not that much as far as our concern.

[BD Crypto]

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.

[Oasisman]

This is likely a promotion of the wallet than Bitcoin, though it may help the adaption not because people could actually choose to pay with Bitcoin, but for the people to be aware of Bitcoin's existence.
It's really smart move for this wallet to partner with one of the biggest company in the world. I doubt not so many people will be interested in paying with Bitcoin, even the crypto investors. It will be good at first, just to feed the curiosity. But then again, this is like a promotion for the wallet, but the good thing is, It can boost the Bitcoin adoption.

[tbct_mt2]

The crypto world has changed so much compares to what it was back in the year of 2017. So this time, and such a news has not shown any kind of effect to boost the bitcoin price. I remembered back in 3 years ago, such a same news usually caused massive FOMO effects, go-to-the-Moon, and it was right not only for bitcoin but also for all altcoins back in those months. It is a very sweet memory.

Nowadays, in 2020, such a news has lost its FOMO effects. What I want to say is in the next few days, at the coming weekend or the very early hours of next week, bitcoin will see a very flash crash. I guess it will be crashed downward to the range from $8500 to $8900. Stay tuned for the coming crash of Bitcoin.

[FlightyPouch]

I hope they would extend to other countries as well. I am already thinking that this would quickly be a thing to places that is a bitcoin hotspot like Vancouver or Amsterdam, maybe Japan as well. Vending machines are not that popular in our country so I don't think this would be that popular here though it might advertise bitcoin and invite more users.

[minairia3]

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

Im willing to spend it sometime if this will be available on our country. What's wrong on spending some bitcoin? Is not that Satoshi wants? Use bitcoin on massive adoption? Those who are thinking of wasted fee about this, is not concern on adoption even with little ways but only the profits of holding and checking when btc would increase. Is that so?

Innovations comes with perks and drinking tin can for pur btc would not hurt a bit dont you think?

[DoublerHunter]

~snip~
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 will give promotion as well to bitcoin but I think some holders did not spend their Bitcoin for the coca-cola product. But there are some people who want contactless payment and with the same value of fiat to bitcoin, bitcoin is good for payment method purposes.
Nevertheless, this is a good opportunity that bitcoin becomes well known and begins to be on the mainstream. If all countries have this vending machine for sure everything went good in the crypto sphere to shine.

[LogitechMouse]

A massive advertisement for the crypto world this would be. The only problem that I see is that, will the Bitcoin holders want to use Bitcoin to buy their products??

Yes Bitcoin has made for spending since it is considered a currency but would you want to spend your Bitcoins into a product where your transaction fee when you buy it is higher than the actual price of the product that you will buy?? Would you like to pay 1.603NZ$ for a 12 OZ coke that costs 3.31NZ$. That is almost half the price of the product itself.

I'm not against this move by the company but aside from BTC, they should consider other altcoins too as an alternative .

[carlisle1]

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.

This is so cool,i am a Coca cola lover so if this happen in our country  ,for sure i will certainly use my Bitcoin most of the time.for now i can only use my Bitcoin in Paying electricity bill and also Buying Load for my Data .

I hope they would extend to other countries as well. I am already thinking that this would quickly be a thing to places that is a bitcoin hotspot like Vancouver or Amsterdam, maybe Japan as well. Vending machines are not that popular in our country so I don't think this would be that popular here though it might advertise bitcoin and invite more users.

japan as a crypto adopting country?i believe that this is already available on that country mate,and i believe this is not impossible in our days now since we are almost digital in almost everything we need.

and hoping also that this is not only for cocal cola but in all available drinks in vending machines.

[pragna]

Wow!! That's a very good news for crypto lovers i think. I think this is a milestone for crypto and another big big company will try to accept crypto from this moment. Actually those who are crypto lovers was waiting for long long days like this kind of news so that world economy will now try to think another way about their transaction system.

thanks.

[hatshepsut93]

Looks like another Bitpay-like company with stupid fees, poor user experience and generally anti-consumer behavior. If Coca Cola accepted Bitcoin directly, that would be truly remarkable, but in this state it's not that interesting.

A massive advertisement for the crypto world this would be. The only problem that I see is that, will the Bitcoin holders want to use Bitcoin to buy their products??

Yes Bitcoin has made for spending since it is considered a currency but would you want to spend your Bitcoins into a product where your transaction fee when you buy it is higher than the actual price of the product that you will buy?? Would you like to pay 1.603NZ$ for a 12 OZ coke that costs 3.31NZ$. That is almost half the price of the product itself.

I'm not against this move by the company but aside from BTC, they should consider other altcoins too as an alternative .

The fees can also be as low as a few cents, but generally yeah, it's a bit annoying that one day Bitcoin is totally usable for even small transaction, and the other day the fees are suddenly high. Only Lightning can change that, so let's hope for faster official release and adoption.