The machines running the bitcoin transactions are owned by Coca-Cola Amatil, a regional bottler and distributor of Coca-Cola products. While the Atlanta-based soft drink producer is a major. Jun 09, · Buy Coke with Bitcoin It's thanks to a deal between Auckland startup, Centrapay, part-backed by Crown agency Callaghan Innovation, local virtual wallet company Sylo and Coca-Cola Author: Chris Keall. Jun 09, · Coca-Cola Amatil vending machines have started taking bitcoin in yet another sign the volatile virtual currency is starting to gain acceptance in the real economy.
Bitcoin cokeCoca-Cola Distributor Offers Bitcoin Payment Options for Aussie Vending Machines - CoinDesk
Newcomers can download the Sylo app on their smartphones, add bitcoin to their wallets and scan a QR code to purchase Amatil products. Buying a Coke with bitcoin sounds catchy, but the cryptocurrency has notoriously limited scalability, processing an average of 1 megabyte worth of transactions every 10 minutes, after which bitcoin miners prioritize transactions with higher fees.
Sylo has moved quickly in the last few months, going from adding bitcoin to its wallet back in March and listing its token on KuCoin, to a real-world trial run in crypto transactions. Johannink said Faury has already established connections in the United States and there are plans to move things quickly, but the regional partnership is still in its nascent stages.
If it goes smoothly, we can roll it out pretty quickly. This means over 2, smart vending machines now accept cryptocurrency. Subscribe to Blockchain Bites , our daily update with the latest stories.
Sylo is determined. Read more about Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Going Public? The Block. Meanwhile, the U. Brave launched with the idea to reinvent online advertising, where users would receive ads without being followed around the web.
Brave founder Brendan Eich said the issue will be remedied, but also suggested the need for Brave to run a profitable business. Individually, bitcoin sv and bitcoin gold have outperformed bitcoin by 61 and 37 percentage points, respectively, since the start of The decline in volatility may be associated with the lack of clear directional bias in the market. Subscribe to Blockchain Bites , our daily update with the latest stories. Subscribe to receive Blockchain Bites in your inbox, every weekday.