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.
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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.
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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.
Can we consider this news is good or is it excited by the team that runs Cointree?
Regardless of price volatility, which may be a useful feature, the idea seems crazy.
In general, this news does not mean that the Australian government accepts bitcoin. This platform will convert the users' cryptocurrency and then pay the governments in paper money.
Congratulations to users in Australia have many options to pay in bitcoin[1].
[1]
Announcing a new way to spend your Coinbase crypto — e-gift cards
