Australians Can Now Pay Their Bills With Cryptocurrency

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Cryptocurrency exchange Cointree announced a joint-venture with billing platform Gobbill to give Australian customers the opportunity to pay their utility bills with cryptocurrency

Cointree is a cryptocurrency exchange while Gobbill is a billing platform. Together, they have created a cryptocurrency bills payment system irrespective of whether the business accepts digital coins or not.

Founded in 2013, Cointree has over 60,000 active users and currently lists 40 different cryptocurrencies–including Bitcoin, Ethereum, and Ripple. The Australia-based exchange also provides a cryptocurrency bill payments feature that has seen significant growth since its launch.

The goal of the union is to provide a solution for automated billing via crypto, with Gobbill functioning as the intermediary in the exchange, taking user funds in crypto and making the payment in fiat.

Using the Cointree wallet, users of the cryptocurrency exchange will be able to convert stored coins automatically into utility bill payments, giving customers the opportunity to pay in BTC, XRP, and nearly 40 other currencies.

Shendon Ewans, co-founder of Gobbill, noted:

“Fast forward into the future and what we’re seeing is, like it or not, [cryptocurrency] will be part of our daily lives. Gobbill already lets people pay bills from their cards or bank accounts, so now they can pay in cryptocurrency too.”

The new partnership will most likely come as a welcome development for virtual currency enthusiasts in Australia. Australia is gradually establishing its name as a blockchain and crypto-positive country. It has been taking various measures to develop an environment conducive to the growth of blockchain technology and cryptocurrencies

Read More: https://news.bitzamp.com/australians-can-now-pay-their-bills-with-cryptocurrency/