Automated Bill Payment Feature employing Cryptocurrencies Launched In Australia.

Automated Bill Payment Feature employing Cryptocurrencies Launched In Australia.

2018-08-20 | Eddy Morgan

Automated Bill Payment Feature employing Cryptocurrencies Launched In Australia.

The partnership between the two companies, crypto exchange Cointree and automated billing platform Gobbill has permitted the payment of bills in cryptocurrencies. As per this deal, Gobbill can perform these functions as a part of the agreement taking users’ funds and paying bills on their behalf.

The deal would enable users pay their bills according to the digital currencies stored in their Cointree’s wallet. Currently, Cointree supports more than 30 digital currencies with the most important one’s like bitcoin, ethereum, Ripple and litecoin.

Automated Bill Payment Feature employing Cryptocurrencies Launched In Australia.

Additionally, users of the Gobbill platform are ready to link their digital wallets to their accounts and have their bills paid employing a nominal cryptocurrency. The service is especially aimed toward businesses and households. The chief executive officer of Gobbill ‘Shendon Ewans’ mentioned this new partnership stating:

“We anticipate a surge within the range of users who would really like to pay their bills in cryptos within the coming days. Our partnership with Cointree can cater to the present market and guarantee Gobbill continues to stay prior to the curve once it involves permitting our users to pay their bills automatically, whereas knowing they’re shielded from fraud and scams.”

Prior to the partnership, Cointree, that boasts of roughly  more than a hundred million transactions in just 5 years since its establishment. With this collaboration, it's hoped that the employment of cryptocurrencies in paying bills can solely grow. On Cointree’s bill-payment service the performance has been encouraging for the startup that is barely some years old.

The operational manager of Cointree exchange ‘Jess Rendon’ in an interview said:

“Last year alone we had a tendency of processing around $100 million Australian dollars bills and saw ten times growth during the introduction of this new payment feature.”

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