Australia has always been quite welcoming when it comes to cryptocurrency adoption. Today, many residents and visitors note an increase in merchant’s adoption of Bitcoin in some parts of the country.
Sydney-based coffee roastery and cafe chain Pablo & Rusty’s is one of such merchants.
Pablo & Rusty’s launched Australia’s first cashless cafe in 2016. The store was taking credit cards payments and payments from phone-based services such as Apple Pay or Samsung Pay.
“We were just thinking through some of the logistics of how to manage cash as a cafe, and it’s quite problematic,” says Pablo & Rusty’s founder and CEO, Saxon Wright. “The idea just came to us — what if we didn’t have cash?”
But the Pablo & Rusty’s team was kin on driving innovation in Australia and decided to go further and add a cryptocurrency to the list of supported payment options. Today, in their Brisbane and Sydney coffee shops, one can buy their coffee fix for Bitcoins, ETH, LTC, Dash, or STEEM.
The team wanted to allow their customers to pay the way they want. In the words of the company’s COO, digital currency allows more secure payments, faster transactions, and less transaction fees overall.
Cryptocurrency payments is only one of Pablo & Rusty’s innovations. Through their partnership with Huskee Cups, their coffee shops sell smart coffee cups (the world’s first, made from coffee waste) featuring embedded chips that store credit card payment details. The company ships coffee across Australia free of charge, uses advanced brewing and roasting techniques and systems, developed new coffee products such Nitro Coffee on tap (coffee infused with nitrogen to give it a smooth finish) and brewing concentrates that speed up the preparation of coffee-based drinks, and new equipment such as auto tampers and auto milk steaming technology.