A new platform will soon allow Australians to pay their utility bills using any cryptocurrency. The platform is a joint venture between crypto exchange Cointree, and Gobbill, a fintech company specialising in bill payments.
The application will allow users to pay household utility bills using any cryptocurrency held in their Cointree wallet. Cointree’s digital wallet solution currently supports Bitcoin, Ethereum, Litecoin and others. The exchange already has 56,000 customers, which will give the new platform an immediate customer base.
ANY BILL, ANY COIN
Shendon Ewans, CEO and co-founder of Gobbill, said, “the partnership aims to enable households and small businesses to easily and safely pay any bill with any coin.”
Gobbill, which uses AI to automate bill payments, will act as a middleman, ensuring that customers can pay with their digital currency of choice, while utilities will receive their fiat currency or cryptocurrency of choice.
Gobbill’s current offering automates invoice payments for utilities, telecoms, councils and insurers in Australia. Cointree’s users can already pay their bills using Bitcoin, while the full platform is expected to be up and running in the next month.
The idea is simple, but it’s simple solutions like this that are needed to drive crypto adoption amongst mainstream consumers. For Cointree and Gobbill, it’s also a smart way to leverage each other’s customer base and build an edge over competitors.