Mainstream Opportunity for Cryptos: Aussies Can Now Pay Bills with Cryptocurrencies via Cointree
Crypto enthusiasts in Australia now have everything to smile about after they were handed a massive opportunity to pay their bills using cryptocurrencies. Aussies can now pay bills via over 100 cryptocurrencies.
A Mainstream Opportunity
As one of the objectives of making cryptocurrency payments a daily option for folks and businesses, an intelligence bill payment solution, Gobbill, and crypto exchange platform, Cointree, has publicized a way of making bill payments through cryptocurrency.
The ‘pay any bill with any coin' service is a fully standardized method for domestic as well as the local industries.
Currently, it's directing a pilot to pay BPAY bills with several recognized coins including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and XRP. The move is undoubtedly a massive mainstream opportunity for cryptos in the country in which the crypto sphere has highly welcomed.
According to Jess Renden, operations manager at Cointree, the firm had received several requests for a bill payment mechanism via crypto. After the experimental stage, ETH, BTC, and BCH can as well be used by Aussies for making bill payments. Cointree expanding the service across their crypto portfolio sees it offer the largest selection of cryptos to pay bills across the APAC region.
Furthermore, it will offer the lowest fees in the market for bill payments when compared with similar services currently charging even 4.2% for a bill payment.
Promising Use Cases
According to Jess Renden, the early use cases were promising with a plethora of individuals as well as businesses turning to the service and putting crypto assets into some practical use.
Perhaps, the service is easy as well as a safe way of using cryptocurrency given the massive utility for personal as well as business transactions. The service will significantly reduce fraud hence ensuring the security of the members.
Undoubtedly, it's a significant step in the right direction for cryptocurrencies, and perhaps realizing mass adoption sooner than expected. Considering the recognition given to Cointree in Australia as the safest as well as trusted blockchain businesses, who knows maybe paying bills in the country may soon turn to be entirely in cryptocurrency.