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Cryptocurrency News Articles

Adelaide Oval Blazes Cryptocurrency Trail as First Major Aussie Stadium to Accept Digital Payments

Apr 06, 2024 at 05:00 am

Adelaide Oval, home to the Adelaide Crows, becomes the first major Australian stadium to accept cryptocurrency payments via a partnership with Crypto.com. This pioneering move, supported by DataMesh, allows patrons to make purchases using the Crypto.com App via dynamic QR codes, with the first 1,000 transactions receiving a $10 cashback. The initiative marks a significant step in cryptocurrency adoption, furthered by Crypto.com's presence in over 80 countries and DataMesh's secure transaction technology.

Adelaide Oval Blazes Cryptocurrency Trail as First Major Aussie Stadium to Accept Digital Payments

Adelaide Oval Blazes Trail with Landmark Cryptocurrency Payment Integration

Adelaide Oval, the hallowed grounds of the Adelaide Crows, has revolutionized the Australian sports landscape by becoming the nation's first major stadium to welcome cryptocurrency payments. This groundbreaking initiative is a testament to the growing adoption and accessibility of digital currencies.

The collaboration with Crypto.com, a global leader in cryptocurrency solutions, marks a significant milestone for Adelaide Oval. Crypto.com's reputation for regulatory compliance, security, and privacy, coupled with its vast customer base of over 80 million worldwide, brings unparalleled credibility to this venture.

Patrons at Adelaide Oval's food and beverage outlets will now have the option to pay with Crypto.com, starting with the AFL's "Gather Round" event on April 4. Customers can seamlessly choose Crypto.com as their payment method, generating a dynamic QR code that is scanned through the Crypto.com app. This enables secure and immediate payment authorization in their chosen cryptocurrency.

To mark this historic occasion, the first 1,000 transactions during the "Gather Round" event will be rewarded with an AUD$10 cashback, incentivizing early adopters. Additional promotions are planned throughout the 2024 Toyota AFL Premiership Season and Adelaide Crows home games, further enticing cryptocurrency enthusiasts.

"This integration reflects the growing popularity of cryptocurrency in Australia and our commitment to providing user-friendly payment solutions at Adelaide Oval," said Karl Mohan, Crypto.com's General Manager for APAC. "As a major sponsor of the Adelaide Crows and the AFL, we're thrilled to launch this trial during an active season."

Adelaide Crows CEO Tim Silvers echoed Mohan's sentiments, emphasizing the club's dedication to innovation. "This partnership with Crypto.com aligns perfectly with our mission to deliver new and exciting initiatives to our members and fans," said Silvers. "We're confident that cryptocurrency payments will enhance their game day experience."

Mark Nagy, CEO of DataMesh, the technology provider behind this groundbreaking integration, highlighted their mission to break down traditional payment barriers. "Our secure and scalable cryptocurrency transaction technology, seamlessly integrated with Echidna POS, empowers Crypto.com users to utilize their crypto holdings for everyday transactions," said Nagy. "This marks a new era for crypto adoption."

This initiative builds upon a recent partnership between Crypto.com, DataMesh, and OTR, which saw the launch of Australia's first in-store cryptocurrency payment system across 440 Peregrine's retail outlets. The successful implementation at OTR serves as a testament to the growing acceptance of cryptocurrency as a viable payment option.

The ongoing trial of Crypto.com Pay throughout the 2024 Toyota AFL Premiership Season is expected to further drive the integration of cryptocurrency into mainstream transactions. As more individuals and businesses embrace digital currencies, Adelaide Oval's pioneering step will undoubtedly inspire other sporting venues and commercial establishments to follow suit.

This partnership between Adelaide Oval, Crypto.com, the Adelaide Crows, DataMesh, and Echidna POS signifies a watershed moment in the Australian sports and payment landscapes. It empowers cryptocurrency enthusiasts to seamlessly engage with their passion while simultaneously driving the adoption of digital currencies in everyday life.

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