Coca-Cola Muab vending machine Bitcoin rau payment option Australian vending machine

A coca vending machine in Asia allows consumers to use Bitcoin vending machines to purchase drinks.

Over 2,000 ATMs in Australia and New Zealand allow consumers to purchase Coke with Bitcoin.

Asia-Pacific beverage giant Coca-Cola Amatil has partnered with the digital platform Centrapay to provide Bitcoin payment options to vending machines in Australia and New Zealand.This means that over 2,000 smart vending machines now accept cryptocurrency payments.

The machine that completes the Bitcoin exchange is owned by Coca-Cola Amatil, the local distributor of Coca-Cola products. Although the Atlanta soft drink makers are a major supplier of soft drinks, they are separate companies.

The company is made up of the New Zealand-based Centrapay and Sylo smart wallets, which currently have around 250,000 users, mostly digital wallets that can store, send and receive cryptocurrency.New users can download the Sylo app from their smartphone, add bitcoin to their wallet, and scan a QR code to purchase Amatil products.

The company currently only supports trial versions of Bitcoin. Buying Coke with Bitcoin sounds pretty good, but cryptocurrencies have limits.On average, 1 megabyte of trading is done every 10 minutes, after which bitcoin miners are important to trade with higher prices.

However, Sylo's primary focus is not for Bitcoin as a payment, but for the vision of connecting cryptocurrencies to the real world and using this experimental model to build digital capital rather than payment devices. .Centrapay appealed to Sylo when he announced the partnership on Twitter on Monday, calling it "the first step in the digital marketing business." As Sylo envisions it, the future will allow consumers to buy digital assets (such as Coke tokens) in the real world and use them to make purchases.

Sylo has moved quickly over the past few months adding bitcoin to his wallet and registering with KuCoin in March, to try out real-world cryptocurrency exchanges.According to Centrapay CEO Jérôme Faury, the project has already proven its worth in Australia and New Zealand and “will be the next target for the US economy”.