A partnership between a bill payment company and a crypto exchange will allow Australians to pay their bills with between 50 and 100 cryptocurrencies. Customers can use any coins in their Cointree accounts to pay their bills regardless of whether the billers accept cryptocurrency.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Gobbill Partners With Cointree
Bill payment company Gobbill and cryptocurrency exchange Cointree jointly announced a partnership on August 20 to enable Australians to pay bills using cryptocurrencies.
The announcement reads, “the global alliance [between the two companies] will allow users from both platforms to pay household bills using their crypto coins stored in Cointree’s wallet.” Gobbill’s website states that bills issued from any Australian provider can be paid through its system, including utilities, telecommunications, council rates, and insurance.
A Cointree representative told news.Bitcoin.com:
We are currently working on the integration with Gobbill to allow bill payments to be paid using any coin listed on our exchange.
He clarified that the integration will be completed in approximately one month when users will be able to pay their bills with any cryptocurrencies. Until then, members can pay their bills with just BTC using the Cointree platform.
The companies explained that Gobbill’s users “can link a crypto wallet in their account and elect to pay their bills either by credit card, bank account or a specified cryptocurrency regardless of whether the biller accepts the desired payment method.”
Claiming to have over 50,000 members, Cointree says that it has transacted over AU$100 million (~$74 million) worth of cryptocurrencies. The company is registered with the Australian Government regulatory and monitoring body for AML/CTF. Gobbill is an authorized representative of an Australian Financial Services Licence holder.
