Australian citizens who wish to pay their bills with cryptocurrency will have a new option to make these types of payments, thanks to an alliance between the CoinTree crypto exchange platform and Australia’s automatic payment and billing platform, Gobbill. According to the statement, the partnership will allow those interested in paying services and other household bills with cryptos to do so straightforwardly.
Australian citizens can pay their bills with cryptocurrency thanks to the alliance between CoinTree and Gobbill
Gobbill will perform the functions of an intermediary, using user funds and paying bills on their behalf, while CoinTree will allow the use of cryptos such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), among others.
“We anticipate an increase in the number of customers who would like to pay their bills in cryptocurrency in the coming years. Our partnership with CoinTree will serve this market and ensure that Gobbill remains at the forefront when it comes to allowing our users to pay their bills automatically, knowing that they are protected against fraud and scams,” stated Shendon Ewans, Gobbill CEO.
Gobbill users will be able to link their cryptocurrency wallet to their accounts to pay their bills, using crypto of their choice. The service is mainly aimed at small businesses and households.
Also noteworthy, this is not the first service of its kind in Australia, as, since 2014, the Australian startup Living Room of Satoshi has made it possible to pay bills with cryptos, and the list of its permitted tokens has grown over time.
Australia is going through a significant growth regarding cryptocurrencies uses and blockchain technology
In early August, Australian entrepreneur Fred Schebesta announced his intentions to create a cryptocurrency bank that could start operations in 18 months. The purpose would be to encourage cryptos ecosystem growth through loans.
Besides, in June, the Australian Tax Office (ATO) said it would identify investors in cryptocurrency to prevent them from evading paying taxes related to the purchase and sale of crypto assets.
Jackson Bey was born and raised in Lethbridge Alberta but moved east when he was 22. Apart from running his own consulting firm. Jackson spends his time canoeing the many lakes of Ontario. As a financial journalist Jackson has published stories for CBC Business Online, as well as Buzz Feed and Motherboard. As a contributor to Billionaire 365, Jackson mostly covers markets and trade.