There is a good news for Australians, now you can pay your bills with the cryptocurrency you own. This happened after the partnership between Cointree, a cryptocurrency exchange, and an automated billing platform, Gobill. This new partnership initiated the possibility for the cryptocurrency owners to pay bills in cryptocurrency in Australia.
Gobill & Cointree Partner up to bring Cryptocurrency to another level in Australia
Recently, Cointree tweeted about its partnership with Gobill enabling cryptocurrency holders to pay for their household bills with the range of cryptocurrencies they own. According to the agreement between the two companies, Gobill will take the users cryptocurrency funds and clear their bills on their behalf. In this agreement, the Gobill will act as an intermediary between the two parties. Both the companies Cointree and Gobill are both licensed Australian companies. Cointree is licensed under AUSTRAC while Gobill has got an Australian financial services license under ASIC.
Cointree currently supports 40 major cryptocurrencies including bitcoin, ether, NEO, XRP, and Litecoin. With this current agreement, the users who have their cryptocurrency stored in Cointree can now use that digital currency to clear their bills.
Australia’s Positive Impression towards Cryptocurrencies
It seems that Australia is gradually moving towards acceptance of the cryptocurrencies and blockchain. This is not the first time Australia has made it to news for being accepting towards blockchain and cryptocurrency. It was in April when the government released a set of regulatory requirements for cryptocurrency exchanges in the country. Cryptocurrency exchanges in Australia need to abide by the anti-money laundering rules enforced by the Australian Transaction Report and Analysis Centre (AUSTRAC). Australia already has three licensed cryptocurrency exchanges-Melbourne based BTC Markets, Blockbid, and Sydney-based independent Reserve. Along with these is Melbourne based exchange.
These regulatory measures were taken by Australia clearly depicts that the country is welcoming both blockchain and cryptocurrency with open arms.