Cointree and Gobbill have partnered together to provide a platform to Australians in order to pay their day to day bills. The bills can be easily paid with the help of cryptocurrency. Also, even if the businesses whose bills are to be paid do not except cryptocurrencies, Australians will still be able to pay back. This is the most unique feature of this platform.
Cointree has a feature for playing with the help of cryptocurrencies. Using this feature Gobbill will act as an intermediary for Cointree. The intermediary will ensure that if the business is not accepting cryptocurrencies directly, it will be converted. From the customer, still, the cryptocurrency will be collected. This will ensure that it becomes much easier for the users to pay in cryptocurrency.
Many of the cryptocurrency investors are not able to transact in cryptocurrencies when it comes to paying the day to day bills. The problem is that if they have a significant amount of money in cryptocurrencies, they will have to first convert a smaller amount into Fiat currency. Only when they are able to do that, they will be able to complete their transactions as well. With the help of this tie-up, it is the Australian cryptocurrency investors will be able to directly trade in cryptocurrencies. This will also mean that it becomes much easier for the Australians to pay even the smaller bills as well. When they are able to pay the smaller bills as well, most of the people will be able to transact on a day-to-day basis.
With the number of cryptocurrency investors going up on a consistent basis, such a platform is the need of the hour. With the help of this tie-up, at least Australian citizens will be able to utilize this platform on a consistent basis. Moreover, since there is no limitation on the number of vendors which accept Bitcoin since they will be converted into the Fiat currency, you can be sure that it can be easily used for tackling the day to day bills as well. This will mean that it becomes a universal platform with the help of which, Australian citizens will be able to directly use the cryptocurrencies. This significantly increases the potential of the platform. This is one of the main reasons why the development of this platform is actually big news not just for Australians but the cryptocurrency industry all over the world.