Cryptocurrency exchange platform Cointree has today announced it has launched its ‘pay any bill with any coin’ service with AI bill payment platform Gobbill.
The fully regulated service will enable Australians to pay any BPAY bills with any 100+ supported coins, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC) and more.
After a successful pilot program where users initially trialled the bill payments service with Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH), Cointree will now make the full product available to Australians. The expansion of the service across its crypto portfolio will see Cointree provide the largest selection of coins to pay bills within the APAC region.
Cointree will also offer the market’s lowest fees for bill payments, compared to similar services who are currently charging up to 4.2% per bill payment.
Jess Renden, Operations Manager at Cointree said early use cases for the technology was promising, with individuals and businesses both turning to the service to put their crypto-assets into use.
“Using cryptocurrency to pay bills is a feature that our users have requested for some time. Our members were looking for an easy and safe way to use cryptocurrency because they recognise the enormous utility for both personal and business transactions.
“Our partnership with Gobbill enables this, combined with the benefit of reducing fraud to ensure our members' security,” he said.
“As crypto becomes more mainstream we want to incorporate it into our member's everyday lives to provide a variety of services and options. We’re already seeing crypto being used to pay bills including credit cards, rent, utilities, memberships, ATO bills, travel cards, phone bills and more.”
Shendon Ewans, CEO and co-founder of Gobbill said: “We are excited to launch the Cointree and Gobbill 'pay any bill with any coin' service. It's a fully Australian regulated service that is simple, safe and secure. With over 40,000 Australian billers, the widest range of coins at a low fee, we expect everyday bills such as utilities and phone bills to be paid using digital currencies”.
Gobbill’s annual payment volumes are set to more than double last year’s. It is growing rapidly and will be a strategic partner for Cointree as it expands its footprint within the Australian market.
The partnership will see Cointree offer a fully regulated crypto bill payment service through its partnership with Gobbill who is an Authorised Representative of Australian Financial Services Licence Holder.
Cointree is recognised amongst Australia’s most safe and trusted blockchain businesses, holding an AUSTRAC registration, an ADCA membership and several strong partnerships with Australian businesses.