On Tuesday (June 9), digital assets platform Centrapay, which is trying to change “the way consumers engage with brands and exchange value with merchants”, announced that it had signed a deal with Coco-Cola Amatil (CCA), “one of the Asia-Pacific’s largest bottlers and distributors of alcoholic and non-alcoholic ready-to-drink beverages, and one of the world’s larger bottlers of The Coca-Cola Company range”, to allow anyone to pay with crypto — using the Sylo Smart Wallet — for items sold by CCA’s 2000+ vending machines (with a QR code payment sticker) in Australia and New Zealand.
Here is how Centrpay describes its vision:
“Centrapay is focused on democratising digital assets. We are helping build the internet of value through beautiful consumer experiences, developer-friendly infrastructure, and intelligent tools that give everyone the ability to solve big problems.”
And this is what Centrapay says about its digital assets platform:
“We have the tools, technology and merchant acceptance network so anyone can easily create, distribute, share and transact digital assets.”
The idea is to allow brands/businesses to:
- “Turn physical products into digital ones which can be used as currency to engage consumers”
- “Distribute at scale and build a direct relationship with end users of your product”
- “Transact digital products using existing payment infrastructure via Centrapay’s acceptance network”
Assuming you have already installed the Sylo Smart Wallet app on your iPhone or Android phone, here are the easy steps you need to follow to buy a drink from one of these vending machines:
- Use the vending machine’s touchscreen to enter the code for the item you want to buy.
- Tap on the “Check Out” button on the touchscreen.
- Scan the QR code shown to you with the Sylo Smart Wallet app.
- Select the cryptoasset you wish to pay with from within the Sylo Smart Wallet and then tap the “Pay” button shown in the app.
- Collect the item item you just bought from the vending machine.
The video below from Centrapay demonstrates how quick and easy this process is:
— CryptoGlobe (@CryptoGlobeInfo) June 10, 2020
Centrapay CEO Jerome Faury had this to say about a future his firm envisions “where value is transferred as easily and efficiently as information”:
“We have solved both these issues. Centrapay is pioneering the way to enable this new internet of value and bring its benefits to both consumers and merchants…
“We’re working to create a future where individuals are in control of their own data and digital identity.
“Brands can connect directly and ethically with people, empowering them to make the right purchasing decision, whilst also supporting their retail and other distribution partners.
“Now we’ve shown how it can work in Australia and New Zealand, we’re looking to grow the business globally.
“We’ve established a presence in North America and will be targeting the US market next with some world-first innovations.”