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
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.
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.
Paying Bills With 50-100 Coins
Currently, Cointree.com lists 27 cryptocurrencies on its website: ADA, AE, AION, BCH, BTC, DASH, DGD, ES, ETC, ETH, ICX, IOST, LTC, NEO, OMG, ONT, PPT, QTUM, REP, SNT, TRX, VEN, XEM, XRM, XRP, ZL, ZRX.
Once the integration with Gobbill is complete, the exchange expects to list “50-100 coins,” the representative shared.
He further noted that in two months, add-on features are expected to be launched, mainly on Gobbill’s end. For example, customers will be allowed “to swap or change utility providers [and] then those bills are updated on the platform.” However, he noted that these features are still being discussed and are not yet confirmed.
Some Other Crypto Bill Pay Services in Australia
Living Room of Satoshi has long offered a way to pay Australian bills with BTC. The service currently offers the ability to pay with BTC, BCH, 11 other cryptocurrencies, and BTC through the lightning network. Its website states that over 100,000 bills have been paid using its platform.
Bit2bill and Paid by Coins also offer Australians the ability to pay their bills with a small selection of cryptocurrencies. Bit2bill allows payments in BTC, LTC, and ETH. Paid by Coins also supports the three cryptocurrencies in addition to LTC and XRP.
What do you think of Cointree and Gobbill allowing bill payments in 50-100 cryptocurrencies? Let us know in the comments section below.
Images courtesy of Shutterstock, Gobbill, and Cointree.
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