Cointree and Gobbill Partnership Allow Australians to Pay Everyday Bills with Bitcoin
A new partnership between Gobbill and Cointree will allow Australians to easily pay regular bills using cryptocurrencies.
One of the biggest problems that users have faced since Bitcoin was created is spending cryptocurrencies on everyday goods and services.
The lack of orientation and the highly volatile nature of cryptos has led to most businesses unwilling to deal with cryptocurrencies. Australians now don’t have to worry about that.
A new partnership between Gobbill and Cointree will allow Australians to pay regular bills using Bitcoin and alternative cryptocurrencies.
Cointree and Gobbill partner to ease crypto payments.
Even though there are some businesses that are excited about cryptocurrency payments, there are too many challenges at the moment. The volatility associated with Bitcoin and others is a cause for concern by companies.
Payment processors prevent volatility from causing issues, yet service providers are still slow on the uptake. Australia might be seeing the end to crypto payment issues though.
The new partnership between billing platform Gobbill and the Cointree crypto exchange will lead to new business opportunities. The two will work together to ensure that consumers pay any Australian bill with cryptocurrency.
Cryptocurrencies can be used to make payments, regardless of whether or not the bill issuer accepts cryptocurrency payments. All the transactions would be taken care of by Cointree and Gobbill.
Gobbill will take funds from customers and pay on their behalf. This new payment method will complement existing methods.
Gobbill currently supports cards and bank account transactions also, with the addition of cryptocurrencies viewed as the next logical step.
Cointree looking to bolster crypto adoption
Cointree, as a cryptocurrency exchange, has been focused on making it easier for people to buy and sell Bitcoin and other cryptocurrencies. They are also working on ensuring that customers can use cryptos without much stress.
Over the past few years, Cointree has facilitated over 100 million transactions successfully. The partnership with Gobbill will lead to cryptos gaining more popularity in Australia. Paying bills with Bitcoin shows how this industry is still evolving as a whole.
Cointree and Gobbill provides competition for Living Room of Satoshi
Cointree has already developed a system that would allow users to pay their bills. Even though it is still in its early stage, the partnership with Gobbill will see the feature continue to grow and evolve over time.
The two companies are working to ensure that this feature more accessible to novice cryptocurrency users.
The partnership between the two also provides competition to another popular Australian service. Living Room of Satoshi makes it possible for users to pay bills using different cryptocurrencies.
Over the past few years, the service has been used by the crypto community in the country. It has been the only company providing that service for a long time. Competition is direly needed, and the Gobbill-Cointree venture will provide exactly that.
It is hard to ascertain how customers will react to this offering by Cointree and Gobbill. The Bitcoin price has lost roughly 70% of its value since the start of the year.
Consumers usually spend cryptocurrencies when the prices are high. This is to ensure that they can purchase goods and services with their profits. Despite that, using cryptos to pay bills is an interesting option to have.