Crypto exchange, Cointree, and billing platform, Gobbill have joined hands to make payments using cryptocurrencies easier in Australia. The partnership is all set to introduce new business opportunities.
Crypto investors and traders all around the world would be wishing they could pay for everyday commodities using cryptocurrencies. But, it is easier said than done. However, Cointree and Gobbill have come forward to make this task less complex, at least in Australia.
The major issue with accepting cryptocurrencies as a mode pf payment is the fear of possible depreciation of value. This is because, cryptocurrencies are highly volatile in nature, i.e. they largely fluctuate in value. But, how have Cointree and Gobbill managed to convince several companies to accept payment in the form of cryptocurrencies? Well, here’s how.
Australians can pay any bill (within the country) using cryptocurrencies, irrespective of wether or not the company accepts crypto payments. The billion platform, Gobbill, takes care of this issue. They accept the payment from the customers in the form of crypto and pay it to the companies in the form of fiat currencies.
Cointree, the cryptexchange run by a team of enthusiasts who strive to make crypto payments easier, is in charge of converting the crypto into fiat. The introduction of the crypto mode of payment will not replace the other payment methods. Users can still pay using their credit cards or bank accounts.
With the introduction of this alternative method of payment, another popular payments provider, ‘Living Room of Satoshi’, is expected to face some serious competition. It is also a Cryptocurrency to Australian Dollar converter and payment acceptor solely dedicated to the country of Australia. If the venture proves to be successful, we could possibly see a worldwide expansion of the company.
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