Business
Coca-Cola Amatil looks to crypto for sugar hit – The Australian Financial Review
Coca-Cola Amatil is increasingly allocating shareholders’ funds to side bets on early-stage start-ups in the tech space.
Coal, Coke and crypto. It’s all in a day’s work for fast-moving consumer goods company Coca-Cola Amatil. After recent revelations the fizzy drinks bottler is up 80 million in coal royalties since 2014, turns out it’s also turned its hand to cryptocurrency. Or, crypto-facing start-ups.
Coca-Cola’s venture capital investing arm, Amatil X, has invested in Kiwi payments start-up Centrapay. Among other reasons, this is an apparent effort to give consumers the option to use an exotic digital wallet n…
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