SYDNEY, Australia—Cryptocurrency exchange Cointree and automated billing platform Gobbill have teamed up to enable Australians to pay bills with cryptocurrency.
Gobbill acts as a go-between, taking the funds from its users and paying the bills on their behalf.
Gobbill has an Australian financial services license under ASIC, while Cointree is licensed under AUSTRAC to meet anti-money laundering and counter terrorist financing obligations, The Paypers said.
Cointree launched in 2013 with the purpose of making it easier for people to buy and sell Bitcoin, and it now has 60,000 active members and has facilitated 100 million transactions.
The exchange has 40 types of cryptocurrency currently, including Ripple, NEO and Litecoin, as well as the two most popular cryptocurrencies Bitcoin and Ether.