The partnership between the twocompanies, crypto exchange Cointree andautomated billingplatform Gobbill haspermittedthe payment of billsincryptocurrencies.As per this deal, Gobbillcanperform these functions as a part of the agreement taking users’ funds and paying bills on their behalf.
The dealwould enableusers pay their bills according to the digital currencies stored in their Cointree’s wallet. Currently, Cointree supports more than 30 digital currencies withthe most importantone’slike bitcoin, ethereum, Ripple and litecoin.
Additionally, users of the Gobbill platformareready tolink their digital wallets to their accounts and have their bills paidemploying anominalcryptocurrency. The serviceis especiallyaimed toward businesses and households. The chief executive officer of Gobbill ‘Shendon Ewans’ mentioned this new partnership stating:
“We anticipate a surgewithin therangeof userswho would really liketo pay their bills in cryptoswithin thecoming days. Our partnership with Cointreecancaterto the presentmarket andguaranteeGobbill continuesto stayprior tothe curveonceitinvolvespermittingour users to pay their billsautomatically,whereasknowing they’reshielded fromfraud and scams.”
Prior to the partnership, Cointree,thatboastsof roughly more than a hundredmillion transactions in just 5 years since its establishment. With this collaboration,it’shoped thatthe employmentof cryptocurrencies in paying billscansolelygrow. On Cointree’s bill-payment service the performance has been encouraging for the startupthatis barelysomeyears old.
The operational manager of Cointree exchange ‘Jess Rendon’ in an interview said:
“Last year alonewe had a tendency of processing around $100 million Australian dollars bills and saw ten times growthduring the introduction of this newpayment feature.”