Vending machines operated by Coca-Cola Amatil, the leading soft drink bottler and distributor in Asia-Pacific, will now accept payments in crypto currencies, following the new agreement with the Centrapay digital asset platform announced on Monday.
Coca-Cola Amatil’s network of more than 2,000 vending machines in Australia and New Zealand will allow consumers to spend their crypto coins by using their smartphone cameras to scan a QR-coded payment tag, provided they have the Sylo smart wallet installed.
Sylo Smart Wallet is a decentralized application that integrates messaging services with a digital wallet, supporting all major digital assets such as Bitcoin (BTC) and any ERC-20 token.
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Centrapay CEO Jerome Faury noted an increased need to reduce physical contact in retail stores due to the global public health crisis of COVID-19.
The company’s agreement with Coca-Cola Amatil, one of the world’s largest bottlers of the Coca-Cola range, which serves 270 million consumers, has been presented as a first step in facilitating access to cryptosystems for global consumers.
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„Now that we have shown how it can work in Australia and New Zealand, we are looking to grow the business globally. We have made a presence in North America and will soon be targeting the US market,“ said Faury.
Centrapay focuses on addressing barriers to the adoption of Web 3.0 technologies, particularly digital assets and digital identity services, which it attributes to „integration complexity“ and „poor user experiences.
This is not the first time that Coca-Cola partners have resorted to blockchain
As Cointelegraph reported earlier, while Centrapay and Coca-Cola Amatil are focusing on consumers and retailers, other Coca-Cola bottlers have already adopted blockchain technology on the supply chain side.
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In November 2019, Coke One North America, the company that manages information technology (IT) operations for the soft drink giant’s bottlers, began using a blockchain solution developed by the German software firm SAP to manage its supply chain.
The company oversees multiple franchises that manufacture, bottle and ship nearly 160,000 orders of Coca-Cola products daily.