Cointree, Gobbill Partner To Allow Aussies Pay Bills With Cryptocurrencies

News | August 22, 2018 By:

Australian crypto starup Cointree has partnered with automated billing platform Gobbill to allow users to pay bills with cryptocurrency.

Founded in 2013, Cointree is a cryptocurrency exchange and a digital wallet. It has over 60,000 active users and currently lists 40 different cryptocurrencies, including bitcoin, ethereum and Ripple. It is licensed under the Australian Transaction Reports and Analysis Centre (AUSTRAC), the country’s financial intelligence agency.

Gobbill is a digital finance assistant that automates bill payments using artificial intelligence (AI) for households and small businesses. Small Australian businesses are using the platform to digitize invoices, schedule payments and synchronize data with their accounting software. Gobbill has an Australian financial services license under the Australian Securities and Investments Commission (ASIC).

The partnership will allow users from both platforms to pay household bills using their cryptocurrencies stored in Cointree’s wallet. Additionally, users of the Gobbill platform will be able to link their cryptocurrency wallet to their accounts and have their bills paid using a specified cryptocurrency, regardless of whether the business itself accepts crypto payments.

Shendon Ewans, co-founder and CEO of Gobbill, said the partnership is aimed at meeting existing and anticipated demand.

“We anticipate a surge in the number of customers who would like to pay their bills in crypto in the coming years,” said Ewans. “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.”

While Cointree already has its own service that lets users pay bills with crypto, Cointree operations manager Jess Renden believes the partnership would make it easier for people who had not experimented with cryptocurrencies before.

“Last year alone we had about $100 million of bills paid in Australia and saw ten times growth in this payment feature,” Renden said.