Cointree and Gobbill team up on crypto bill payment platform
The service will allow transactions to be settled in digital assets regardless of whether the business vendor accepts them. Gobbill will act as an intermediary, accepting cryptocurrencies from users of the service and settling the transaction on their behalf in fiat currency.
Founded by Shendon Ewans and Quentin Marsh in 2015, Gobbill says it can pay bills from any Australian provider including utilities, telecoms, councils and insurers. It says it is now investing in research and development of artificial intelligence to help customers switch service providers more easily.
Ewans said of the new cryptocurrency payment service: “I have traded, but not successfully.”
“That was the appeal of Cointree. I’m a novice and I’m surrounded by people … who are deep crypto specialists.”
He added that in the future payments by cryptocurrency would be part of everyday human life. “Gobbill already let people pay bills from their cards or bank accounts, so now they can pay in cryptocurrency too.”
While Gobbill was formed in 2015, it launched its payment service within the last year and, as yet, only has a small number of users. However, the company believes the partnership with Cointree will bring it faster growth.
Cointree said in a statement: “We are thrilled about this exciting partnership. Automate your bills and pay them using cryptocurrency with any coin on platform. The future of bill payments.”