Australian Fintech Startups to Let Locals Pay Bills with Crypto

 Australian Fintech Startups to Let Locals Pay Bills with Crypto Australian Fintech Startups to Let Locals Pay Bills with Crypto

Australia-based automated billing service Gobbill has joined hands with digital asset exchange Cointree to enable the payment of household bills through cryptocurrencies, Gobbill announced in a statement on Monday.

The new feature, which targets households and small businesses, lets users of the crypto exchange utilize the tokens they have stored in their wallets to pay bills. At the same time, those with Gobbill accounts can add a link to a Cointree crypto wallet and thus choose to settle their bills either via credit card, bank transfer or cryptocurrency.

Gobbill will act as an intermediary transferring the funds from the user accounts to, for example, utility companies and telecoms, so it will play no role whether the biller accepts virtual coins as a method of payment.

Although Cointree currently covers 27 cryptocurrencies, including BTC, ETH, XRP, EO and TRX, Australians can only settle…

This article appeared first on Cryptovest

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