Australia: will support payment of all bills through encrypted currency

According to cointelegraph, Cointree, the Australian cryptocurrency exchange, announced a partnership with automatic billing platform Gobbill that will support cryptocurrencies to support all USES of cryptocurrencies to pay any bill.

In this cooperation, Gobbill role is to accept the encryption of the Money Fund and on behalf of clients to pay bills using the Fiat.

 

It is understood that Australia’s automatic billing service platform Gobbill has announced a partnership with cryptocurrency exchange Cointree to allow australians to use cryptocurrency for payments, regardless of whether the receiving company accepts cryptocurrency as a medium of exchange.

According to financial Review, Cointree operations manager Jess Rendon said their corporate vision was to make it easy for users to use encrypted currency to pay their bills.

 

Now, with the Gobbill partnership, the realization of this vision will become easier, and will also provide experience for more people who are not in touch with the cryptographic currency industry.



Jess Rendon said: “In the last year alone, we paid about $100 million trillion in bills that were expected to grow 10 times times the size of the bill after the consolidation of the encrypted currency bill Payment function.”
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In this partnership, Gobbill will play the role of “” middleman” “who will accept cryptocurrencies and pay bills on behalf of customers using legal tender.

Shendon Ewans, co-founder of Gobbill, said that although he had only entered the crypto-currency industry early last year, he had been acutely aware of the great benefits of cooperation with Cointree.

He commented that: “What we see is that, whether you like it or not, encrypted money will be a part of our daily lives in the future.” Gobbill has been able to support people using their own bank cards or bank accounts to pay bills, and now they also allow users to make payments using encrypted currency.
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Although Australia is not yet clear on the encryption of monetary regulation measures, but Gobbill company has the Australian Securities and Investment Commission (ASIC) issued by the Australian Financial Services license.

In addition, Cointree has a licence from the Australian Transaction Reporting and Analysis Centre (AUSTRAC), which means that they will perform a clear anti-money laundering (AML) and anti-terrorist Financing liability (CFR).
Currently, cointree COM has 27 kinds of encrypted currency on its website. Once integrated with Gobbill, the exchange is expected to line 50-100 kinds of encrypted currency。



Of course, over time, the international community will surely implement a more stable and powerful regulation of the cryptographic currency industry to protect retail investors.