the Financial Review, Gobbill will collect the funds and settle bills on the behalf of the user, acting as the intermediary. Shendon Ewans, a Gobbill co-founder, said:
“We only launched in the last year, and we have a small number of users, but the partnership with Cointree and with our other with MyProsperity we’ll see more growth. Fast forward into the future and what we’re seeing is, like it or not, this will be part of our daily lives. Gobbill already let people pay bills from their cards or bank accounts, so now they can pay in cryptocurrency too.”
Jess Rendon, operations manager Cointree added:
“Last year alone we [Cointree] had about $100 million of bills paid and saw ten times growth in this payment feature.”
Where Cryptocurrencies continue to be a conundrum for the most prominent banks in the country, this partnership is heartily welcomed by the crypto enthusiasts. Adding on to the ever-expanding list of cryptocurrency adoption.
Read more: A federal judge orders a cyber-criminal to pay his bail charges in cryptocurrencies
There are several other platforms which enable users to pay using cryptocurrency, similar service ofCointree-Gobbill partnership. In May 2018, Living Room of Satoshi, another Australia-based startup allowed Aussies to pay their domestic bills using Bitcoin. At the time, the company has reportedly facilitated up to more $5 million worth of cryptocurrency bill payment transactions.
In the Philippines, a company called Bill Ninja allowed people to pay their bills via Bitcoin as early as 2014. Then there is also BitBill, in the EU, which supports more than 20 cryptocurrencies works for countries that support SEPA transfers such as France, Belgium, Germany, and the Netherlands.
Read more: The First Solar Powered Bitcoin Mining Farm could be in Coal Town Australia
Arshmeet Hora
The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.” Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
