{"id":18259,"date":"2018-08-20T23:48:00","date_gmt":"2018-08-20T22:48:00","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=18259"},"modified":"2018-08-20T23:48:00","modified_gmt":"2018-08-20T22:48:00","slug":"australia-bill-payment-bitcoin-2018","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/australia-bill-payment-bitcoin-2018\/","title":{"rendered":"Australians Can Pay Utility Bills With Bitcoin (BTC)"},"content":{"rendered":"<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><strong>Bitcoin (BTC)&#8211;<\/strong>In terms of adoption for cryptocurrency, being able to pay for real world goods and services with the digital currency has long been viewed as the gold standard. The bear market of 2018 has led to a shift in focus away from the fundamentals of crypto and the usability of blockchain transactions in favor of wild price speculation. However, an Australian-based partnership is attempting to provide a solution for customers looking to pay their utility bills with cryptocurrency.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Cryptocurrency exchange Cointree announced a joint-venture with billing platform Gobbill to give Australian customers the opportunity to pay their utility bills with cryptocurrency. The goal of the union is to provide a solution for automated billing via crypto, with Gobbill functioning as the intermediary in the exchange, taking user funds in crypto and making the payment in fiat.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Excited to finally announce our partnership with <a href=\"https:\/\/twitter.com\/gobbill?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">@gobbill<\/a> , this partnership will enable automated bill payments with cryptocurrency! More via <a href=\"https:\/\/t.co\/ZDyEhmtc1e\" rel=\"nofollow\" target=\"_blank\">https:\/\/t.co\/ZDyEhmtc1e<\/a>  <a href=\"https:\/\/twitter.com\/hashtag\/bills?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">#bills<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">#crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/fintech?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">#fintech<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">#blockchain<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">#cryptocurrency<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/gobbill?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">#gobbill<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/cointreeau?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">#cointreeau<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/AI?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">#AI<\/a> <a href=\"https:\/\/t.co\/PJxdtd98ha\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/PJxdtd98ha<\/a><\/p>\n<p>&mdash; Cointree (@CointreeAus) <a href=\"https:\/\/twitter.com\/CointreeAus\/status\/1031510197640998914?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">August 20, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Using the Cointree wallet, users of the cryptocurrency exchange will be able to convert stored coins automatically into utility bill payments, giving customers the opportunity to pay in BTC, XRP, and nearly 40 other currencies. While Australian utility companies will not be accepting crypto directly for payment (the exchange involves a conversion to fiat), it does represent a way for Australian crypto users to get around having to cash out of their denomination on exchanges to free up funds for utility payment. The service is being aimed at small businesses and average investors, with the co-founder and CEO of Gobbill, Shendon Ewans, expounding upon the planned form of payment,<\/span><\/p>\n<blockquote>\n<p style=\"text-align: justify\"><i><span style=\"font-weight: 400\">\u201cWe anticipate a surge in the number of customers who would like to pay their bills in crypto in the coming years. Our partnership with Cointree will cater to this market and ensure Gobbill continues to remain ahead of the curve when it comes to allowing our users to pay their bills automatically, while knowing they\u2019re protected from fraud and scams.\u201d<\/span><\/i><\/p>\n<\/blockquote>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">According to Ewans, Gobbill views this partnership with Cointree as getting ahead of the curve, a refrain we have heard several times from tangential businesses attempting to capitalize on cryptocurrency. By offering a service that automatically takes payments in cryptocurrency, Gobbill is exposing itself to the growing, and vocal, userbase of cryptocurrency, in addition to paving a future for their company that involves a takeoff in the digital currencies. <\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Cointree also sees partnerships for bill payments and automatic drafting as a way to increase their customer base, with efforts already enacted for several years on the front of crypto-to-bill payment. Jess Rendon, operations manager of Cointree, reported that the company has processed $100 million in bills paid in 2017,<\/span><\/p>\n<blockquote>\n<p style=\"text-align: justify\"><i><span style=\"font-weight: 400\">\u201cLast year alone we had about AU$100 million of bills paid and saw ten times growth in this payment feature. <\/span><\/i><\/p>\n<\/blockquote>\n<p style=\"text-align: justify\"><b>CCN<\/b><span style=\"font-weight: 400\"> reports that paying bills with cryptocurrency has seen an explosion in Australia over the last several years, having grown by 3300% in a three-year period. While the system devised by Gobbill is still a step removed from utility companies accepting Bitcoin and altcoins directly, it does provide another avenue for investors looking to use their coins outside of exchange speculation.<\/span><i><span style=\"font-weight: 400\"><br \/>\n<\/span><\/i><i><span style=\"font-weight: 400\"><br \/>\n<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC)&#8211;In terms of adoption for cryptocurrency, being able to pay for real world goods and services with the digital currency has long been viewed as the gold standard. The bear market of 2018 has led to a shift in focus away from the fundamentals of crypto and the usability of blockchain transactions in favor of wild price speculation. However, an Australian-based partnership is attempting to provide a solution for customers looking to pay their utility bills with cryptocurrency. Cryptocurrency [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":18262,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1233,6961,6960,48,83,1270],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/18259"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=18259"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/18259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/18262"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=18259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=18259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=18259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}