Cointree, a cryptocurrency exchange system and blockchain company registered in Australia, declared a means to cover any invoices in Australia utilizing cryptocurrencies.
Based on some Finextra, Cointree, and Gobbill, a startup focused on home and small business bill payment automation, piloted a trial plan to cover any BPAY invoices with almost any 100+ supported coins, such as Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin and much more.
But, following the trials, it had been declared that Bitcoin, Bitcoin Cash, and Ethereum may be employed by consumers in Australia to cover invoices.
Jess Renden, Operations Manager in Cointree stated:
“Utilizing cryptocurrency to cover bills is a characteristic which our customers have asked for a while. Our associates were searching for a simple and secure method to utilize cryptocurrency only because they recognise the massive usefulness for both private and business transactions. ”
She added that their partnership with Gobbill helped attract cryptocurrencies into the masses and reduce fraud using greater safety on the users.
Additionally, Renden said:
“As crypto gets more mainstream we would like to integrate it into our manhood ’s lives to extend an assortment of options and services. We are already seeing crypto used to cover bills such as credit cards, utilities, rent, memberships, ATO invoices, travel cards, telephone bills and much more.”
The CEO of Gobbill, Shendon Ewans, additional:
“# & It 8217;s a totally Australian controlled service that’s easy, safe and protected. With over 40,000 Australian billers, the broadest assortment of coins in a very low cost, we anticipate regular bills such as utilities and telephone bills to be compensated with electronic currencies”
The article Bitcoin, Ethereum, BCH and other cryptos may be used to cover bills in Australia appeared initially on AMBCrypto.