Bills can now be paid with cryptocurrency even if biller doesn't accept it

Australians who own cryptocurrency can, from Thursday, use it to pay household bills even if the biller doesn’t accept digital money.

Crypto exchange Cointree and bill payment Gobbill, both startups based in Melbourne, have started a landmark partnership to make this happen.

Gobbill is an artificial intelligence service that allows Australians to check if their bill is a scam or authentic, then have them paid securely.

Customers of Gobbill from this week can nominate to have bills paid using one of more than 100 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Ripple and Litecoin.

The digital payment is then automatically exchanged by Cointree to Australian dollars in order to pay the bill.The system has successfully completed a pilot involving just Bitcoin, Ethereum and Bitcoin Cash, but the general release now opens up Cointree’s entire portfolio.

Cointree operations manager Jess Renden said that the Gobbill partnership finally allows Australian crypto holders to use their money for practical, real-life purposes.

“Using cryptocurrency to pay bills is a feature that our users have requested for some time,” she said.

“We’re already seeing crypto being used to pay bills including credit cards, rent, utilities, memberships, ATO bills, travel cards, phone bills and more.”

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