Cryptocurrency exchange and digital wallet Cointree has partnered with artificial intelligence financial assistant Gobbill so that Australian users can now pay their bills with digital assets.
Cointree supports all sorts of cryptocurrencies, including Bitcoin, NEO, Ethereum, and DASH, among dozens more. The partnership allows Gobbill to access a user’s Cointree wallet, utilizing their held assets to pay utilities via the virtual assistant.
A New Way To Pay
Users traditionally cannot pay utility companies with crypto, and technically they still can’t. Instead, Gobbill’s artificial intelligence takes the digital currencies and converts them to fiat before paying the bills.
According to Shendon Ewans, CEO and co-founder of Gobbill,
“Digital currencies are becoming mainstream, and our view at Gobbill is to support customer choice and convenience. We 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’re protected from fraud and scams.”
The collaboration is aimed at benefiting smaller businesses and heavy investors—those who have a ton of money in cryptocurrencies—rather than at individuals.
This announcement is indicative of a shared goal of both projects in expanding to a worldwide market. Both companies hope to see additional exposure and grow their user base as well. Gobbill has also been partnering with projects like iSignthis and will likely team up with other applications in the future.
Suggested Reading : Learn more about our favorite cryptocurrency wallets in our revamped ‘Best Bitcoin and Altcoin Wallets‘ guide.
Pushing for Mainstream Adoption
While utility companies still aren’t directly accepting payments, this partnership is still a big step forward for cryptocurrency adoption. Accessibility is a significant factor for mainstream acceptance, and these two projects are pushing that idea forward.
Australia has been active in the cryptocurrency space for a while. Not only is the country pushing for election transparency, but it’s also launching a blockchain-based movie watching program as well as their first cryptocurrency bank.
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