Cointree, a cryptocurrency exchange platform and blockchain business registered in Australia, announced a way to pay any bills in Australia using cryptocurrencies.
According to a Finextra, Cointree, and Gobbill, a startup focused on household and small business bill payment automation, piloted a trial program to pay any BPAY bills with any 100+ supported coins, including Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin and more.
However, after the trials, it was announced that Bitcoin, Bitcoin Cash, and Ethereum can be used by users in Australia to pay bills.
Jess Renden, Operations Manager at Cointree said:
“Using cryptocurrency to pay bills is a feature that our users have requested for some time. Our members were looking for an easy and safe way to use cryptocurrency because they recognise the enormous utility for both personal and business transactions.”
She also added that their partnership with Gobbill helped bring cryptocurrencies to the masses and reduce fraud with increased security to the users.
In addition, Renden stated:
“As crypto becomes more mainstream we want to incorporate it into our member’s everyday lives to provide a variety of services and options. We’re already seeing crypto being used to pay bills including credit cards, rent, utilities, memberships, ATO bills, travel cards, phone bills and more.”
The CEO of Gobbill, Shendon Ewans, added:
“It’s a fully Australian regulated service that is simple, safe and secure. With over 40,000 Australian billers, the widest range of coins at a low fee, we expect everyday bills such as utilities and phone bills to be paid using digital currencies.”
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