The crypto exchange Cointree and the billing platform Gobbill have announced a partnership that allows Australians to pay their daily bills with Bitcoin and other cryptocurrencies.
Cointree and Gobbill develop a payment system for invoices
Cointree and Gobbill developed a cryptocurrency payment system. This works regardless of whether the company in which customers buy or accept cryptocurrencies. According to the Financial Review, Gobbill will act as an intermediary, collecting the funds and paying the bills on behalf of the user. With Gobbill, bills can be paid by any Australian vendor, including bills for utilities, telecom, and insurance.
Last year alone, [Cointree] paid about $ 100 million in invoices, a ten-fold increase in this payment function, said a spokesman for Cointree.
Cointree was founded in 2013 with the aim of facilitating the purchase and sale of Bitcoin. The stock exchange has now carried 60,000 active members and 100 million transactions. The stock market currently has 40 types of cryptocurrencies, including Bitcoin, Ether, Ripple, NEO, and Litecoin.
Gobbill has developed a digital financial assistant that automates artificial intelligence invoice payments to small businesses and households. The company was founded in 2015. Gobbill is a partner to the Australian Government’s Cyber Security Initiative.
In addition to the Cointree Gobbill partnership, there are other platforms that allow users to settle their bills with Bitcoin.
In May 2018, another Australian start-up — Living Room of Satoshi — launched a service that allows Australians to pay their bills with Bitcoin.
Also in Asia and Europe bills can be paid with Bitcoin
Outside Australia, there are other similar platforms and services that can be used to pay bills with Bitcoin.
Back in 2014, a company called Bill Ninja allowed people in the Philippines to pay their bills through Bitcoin.
In the EU, BitBill is available for countries that support SEPA credit transfers. These include countries such as Germany, Belgium, France and the Netherlands. Unlike most services of this type, which only use Bitcoin, BitBill supports more than 20 crypto-currencies.
Australia is open to the use of blockchain technologies
In May, it was announced that the government of Australia had decided to provide 700,000 Australian dollars for the research of a blockchain prototype. This should help to make social security payments easier.
Australia has an advanced Digtalization agenda. In the future, the Australian government will work with IBM to develop blockchain, artificial intelligence, and quantum computing solutions.
Australia’s largest bank, the Commonwealth Bank of Australia (CBA), was commissioned by the World Bank to issue blockchain bonds. One of the emission targets is poverty reduction. The CBA is the first bank to issue blockchain bonds.