Cointree and Gobbill partner to let Aussies pay their bills with cryptocurrency

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Gobbill will take a role of a broker between users and the system by taking users’ payments and paying bills from their behalf

Automated billing platform Gobbill and cryptocurrency trading platform completed an agreement with aim to establish payments for bills with cryptocurrencies in Australia. Interestingly, payments of this type will still be possible even if the seller or supplier does not accept digital assets.

Gobbill will take a role of a broker between users and the system by taking users’ payments and paying bills from their behalf. Clients will need to store their digital assets in Cointree’s wallets. The exchange currently supports 40 cryptocurrencies including BTC, XRP, NEO, ETH and LTC.

Another feature that will be available to Gobbill users is an ability to tie their cryptocurrency wallets to Gobbill accounts. With this, users will be able to set automatic payments using the cryptos they specify. The feature is intended for small industries and households.

Gobbill co-founder Shendon Ewans stressed that these changes are required to satisfy both the existing and the expected demands. He says that the company is expecting the influx of new users that would want to pay their bills with crypto. Partnership with Cointree will aid in servicing the cryptocurrency market and let Gobbill to be in the forefront of the technology. “Our goal is to give automatic payments to users,” while feeling completely safe about it, Ewans says.

It’s worth noting that earlier authorities of Queensland, Australia initiated crypto payments for commodities and services with aim to attract new tourists. Nonetheless, a series of research conducted by Chainalysis demonstrated that the trading volume of BTC topped in September 2017 hitting $411 million. It has been falling since then, however, and bottomed to $60 million in May 2018.

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