This 54-year-old Aussie Farmer that became a Millionaire last year thanks to Shiba Inu (SHIB) is now Bitcoinist
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By the middle of this year, Australians will be able to pay with crypto at service stations and convenience stores in South Australia, as private enterprises warily embrace digital currency payments.
According to The Australian, On The Run (OTR), a prominent convenience store chain, will soon permit payment in Bitcoin and other digital currencies to all of its customers south of Down Under.
Related Article | US Creates New Crypto Task Force To Choke Flow Of Russian Billionaires’ Money
Crypto For Fuel And Snacks
Patrons will be able to pay for petrol, snacks, and even a foot-long Subway sandwich with more than 30 cryptocurrencies.
OTR has also opened numerous shops in Victoria, however it is unclear whether or not they will accept digital currency payments.
Other companies that operate alongside OTR locations, such as Subway and Oporto, will also be able to accept the unique payment option.
OTR’s parent company, the Peregrine Corporation, one of South Australia’s largest privately held enterprises, will also take bitcoin at its Subway, Oporto, and Smokemart locations.
When the technology is fully operational in July, it will become the largest business in the country to take such type of payments in-store.
In Tandem With Major Company
The announcement is part of a partnership with Singapore-based Crypto.com that will see OTR become Australia’s largest brick-and-mortar retailer to take digital currency.
BTC total market cap at $885.45 billion on the daily chart | Source: TradingView.com
Karl Mohan, Crypto.com Asia Pacific General Manager, said in a statement:
“Today, we made significant progress toward accelerating Australia’s acceptance of cryptocurrencies… consumers will now be able to pay for goods and services at all OTR locations using Crypto.com Merchant Pay.”
The company made headlines last November when it said it had acquired the rights to rebrand Los Angeles’ Staples Center into “Crypto.com Arena.”
This is the company’s second collaboration in Australia, after its announcement in January of a multi-year deal with the Adelaide Football Club.
Crypto.com will be accepted as a “payment type” by DataMesh Group, a technology and payments company.
The Early Birds
As early as 2014, a Colorado gas station began accepting the world’s largest digital asset class.
According to U.Today, American convenience shop behemoth Sheetz has also begun accepting Bitcoin, Ethereum, Litecoin, Dogecoin, and other tokens through a partnership with Gemini-backed startup Flexa.
Last August, multiple bitcoin kiosk operators teamed up with Circle K in order to deploy Bitcoin ATMs throughout New York.
Related Article | Mexican Drug Cartels Sneak In $25 Billion A Year Using Bitcoin To Fund Operations
Featured image from Siam Bitcoin, chart from TradingView.com
2021-11-02
SYDNEY, Nov. 3, 2021 /PRNewswire/ — Emerging player in the Australian courier comparison space, Fast Courier, has announced that it is now accepting cryptocurrency, including Bitcoin, Ethereum, Dogecoin, Litecoin and USD Coin, as payment for courier services across Australia, the first courier comparison site in Australia to offer the digital currency as a payment alternative.
Vincent Maneno, Fast Courier’s co-founder and CEO, said, “We launched Fast Courier a year ago after becoming completely disillusioned with the traditional courier industry, which is old-school and heavily geared towards bigger businesses. With Fast Courier we wanted to democratise the courier industry, so that individuals and small businesses that only send a handful of packages each year can still access the best possible rates.”
Stephen Murphy, co-founder and CTO of Fast Courier added, “The courier industry in Australia is absolutely ripe for disruption; consumers want respect, accountability and freedom of choice, which Fast Courier’s cutting edge tech delivers. Adding crypto to our payment options is another way we are levelling the playing field for consumers.”
Australia has the third highest cryptocurrency ownership rate in the world, with 17.8% of Australian adults holding some type of cryptocurrency, compared to the global average of 11.4% (Finder Cryptocurrency Adoption Index October 2021). With the recently released report from the Australia as a Technology and Financial Centre (ATFC) further legitimising crypto as a valid currency, Fast Courier’s co-founders believe enabling payment for courier services via cryptocurrency is another way they are making the courier industry more customer-centric.
“Crypto isn’t just an asset class, they are functional currencies, decentralised and empowering for consumers and businesses alike. It’s a viable alternative to the restrictive central bank led payment systems” said Murphy.
Fast Courier, which has averaged 100 per cent month-on-month growth since launch, initially started as a test project for co-founders Maneno and Murphy, who also run a successful digital marketing agency, Metric Labs.
“Obviously the pandemic has had an enormous impact on e-commerce, which has resulted in increased demand for couriers,” explained Maneno. “Our customers are saving up to 30 per cent on their deliveries in just a few seconds. As we’re booking large numbers of deliveries we can access bulk discounts, which we then pass on to our customers.”
Alongside cryptocurrencies, Fast Courier also accepts payment via Paypal, Stripe and a range of credit cards.
NOTES FOR EDITORS
About Fast Courier
Founded in 2020 in Sydney, Fast Courier is on a mission to increase accessibility, transparency and democratisation within the logistics industry. By investing in technology that takes the friction out of finding and booking a preferred logistics provider, Fast Courier seamlessly connects all Australians to a wide variety of carriers to match every budget, plan and logistic preference.
Vincent Maneno – co-founder and CEO, Fast Courier
Vincent Maneno, the Co-Founder and CEO of Fast Courier is no stranger to the entrepreneurial spirit. The founder of 4 innovative companies which started with tea brand Kettle Town and continues well beyond with his consultancy and advisory services. Vincent’s passion for data analytics, digital marketing and web technologies where he continues to strive to accelerate growth, identify market opportunities and develop strategic direction with every company he’s involved with.
Stephen Murphy – co-founder and CTO, Fast Courier
Stephen is the Co-Founder and Chief Technology Officer with over 15 years of experience in the fields of emerging technology including Computer Forensics, Cybercrime, Digital Media and Blockchain applications. With a keen eye for digital rights he also participates in organisations such as the Electronic Frontiers Foundation (EFF) and takes an active interest in the future of the internet’s infrastructure.
Cryptocurrency adoption in Australia
Source: Finder Cryptocurrency Adoption Index October 2021
- Australia has the 3rd highest rates of cryptocurrency ownership of the 22 countries surveyed by Finder, with 17.8% of the population owning crypto
- The global average for cryptocurrency ownership is 11.4%
- Of the Australians that own crypto:
– 65.2% own Bitcoin
– 42.1% own Ethereum
– 26.4% own Cardano
– 23% own Dogecoin
– 14.6% own Binance Coin - There is a wide crypto ownership gap by gender, with 21.8% of males owning crypto compared with 14.1% of females.
- Launched in September 2020
- Co-founded by Vincent Maneno and Stephen Murphy, who also run Metric Labs digital marketing agency
- Vincent and Stephen started Fast Courier as they could see a way to use technology to make booking couriers easier and cheaper for consumers
- Consumers save up to 30% on courier services by using Fast Courier
- Now accepting cryptocurrency as payment for courier services – the only courier comparison site to accept crypto
- 17.8% of Australians hold some kind of cryptocurrency
- Fast Courier has averaged 100% month on month growth since launch
- Serviced more than 43,000 users in the last six months
- Cryptocurrencies accepted – Bitcoin, Ethereum, Dogecoin, Litecoin and USD Coin
- Courier services on the site – Aramex, Auspost, TNT, Couriers Please, Fedex, StarTrack, DHL, Toll and Allied Express
Rachel McDougall
Crystal Clear Communications
P: 0401 694 301
E: rachel@crystalclearcommunications.com.au
SOURCE Fast Courier
