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The mere possibility of paying everyday bills with cryptocurrencies is one huge step toward mainstream mass adoption – and Australia just made one huge stride forward.
Through a collaboration of the Australian bill payment company Gobbill and cryptocurrency exchange CoinTree, Aussies will be able to pay their customary bills with dozens of cryptocurrencies. This partnership makes it irrelevant if the billers themselves accept cryptocurrencies or not: the customers’ cryptocurrencies will be transferred from their CoinTree wallets to Gobbill, which in turn will pay the billers in their accepted conventional currency.
Co-founder and CEO of Gobbill, Shendon Ewans, stated the following:
Digital currencies are becoming mainstream, and our view at Gobbill is to support customer choice and convenience. We anticipate a surge in the number of customers who would like to pay their bills in crypto in the coming years. Our partnership with Cointree will cater to this market and ensure Gobbill continues to remain ahead of the curve when it comes to allowing our users to pay their bills automatically, while knowing they’re protected from fraud and scams.
The new deal comes shortly after CoinTree has announced it is transitioning into a new platform on cointree.com whereas the old platform is still on cointree.com.au – a move that signifies CoinTree’s ambitious international intentions. As part of its global expansion, CoinTree has added ten more cryptocurrencies to the platform, proclaiming it will add even more digital currencies soon: Ripple (XRP)trade, Dash (DASH), Litecoin (LTC)trade, Cardano (ADA), NEO (NEO), Monero (XMR), NEM (XEM), Ethereum Classic (ETC), Ontology (ONT) and Qtum (QTUM).
Enabling Australians the simple option of bill payments with their cryptocurrency of their choice (or at least 50 of those currently) can certainly have the potential of encouraging Australia’s citizens to embark on a crypto journey with less suspicions and hesitations, which truthfully at the moment still drive many people away from it. A collaboration that offers actually useful and common functionalities of cryptocurrencies can definitely negate the pesky thought of virtually any individual who first encounters crypto – what on Earth can I do with it? Well, now in Australia, you can pay your bills with it.