Bitcoin Watch: Bitcoin holds steady, Australia adopts new crypto payment method for bills

Bitcoin has held steady over the last 24 hours and is trading at USD6470 at reporting time.

However, in a strong move towards cryptocurrency adoption, a new partnership will allow bills in Australia to be paid with digital tokens.

Cointree, which already has a cryptocurrency bill payment feature, will partner with Gobbill, a digital finance management company. Gobbill will act as the intermediary and collect funds and settlle bills on behalf of the user, with funds loaded into the Cointree wallet. Bills can be paid in Bitcoin, Ripple and up to 40 other cryptocurrencies.

Gobbill CEO Shendon Ewans said: “We anticipate a surge in the number of customers who would like to pay their bills in crypto in the coming years. Our partnership with Cointree will cater to this market and ensure Gobbill continues to remain ahead of the curve when it comes to allowing our users to pay their bills automatically, while knowing they’re protected from fraud and scams”.

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