Attention Bitcoin lovers. The future that you’ve been waiting for has just arrived.
Australians can now pay their bills and rent using the increasingly popular cryptocurrency, bitcoin. This new capability is available through a feature called Pay Bills&Pay Rent with bitcoin and can be found on Australia’s fastest growing digital currency exchange platform, igot.com.
Bitcoin can now pay your bills in reality
The innovative feature allows users to make direct bill payments using bitcoin, via a user’s everyday personal banking account. Bill payments include credit card, phone and internet bills, utilities bills, council rates and rent.
According to Rick Day, co-founder of igot.com, the secure platform pays the biller direct, and deducts the user’s bitcoin balance based on the current market rate, enabling a fast and efficient transaction. Seems simple and fuss-free enough, if you ask us.
Day also commented, “Bitcoin is now entering mainstream consciousness and user demand for bitcoin solutions and services, such as the ability to make bill payments, is growing by the minute. Since launch, we’ve seen an increasing number of users, including experienced traders and new users of bitcoin, become convinced of bitcoin’s benefits; the most attractive being lower processing fees on transaction costs, with savings of up to seven to eight per cent in some instances.”
“While the full potential of bitcoin and other digital currencies are yet to be exploited, the adoption of bitcoin will only increase as more users realise its value in market as a reliable financial tool that offers an alternative to money or cash. igot’s bill payments feature demonstrates some of this potential,” he added.
What’s igot about?
Founded by Australian Rick Day and Patrick Manasse, igot.com is a one-stop shop to buy, sell, send and request cryptocurrencies safely at the click of a button. The addition of Pay Bills or Pay Rent means that users can not only trade in bitcoin but can now manage their day-to-day finances through igot’s secure platform and in real time.
igot’s bill payment function will complement other igot developed and powered features such as Future Trade, which enables traders to overcome price volatility in bitcoin trades by automating future ‘buys’ or ‘sells’ based on a user’s pre-determined price expectations.
Over the next 12 months, igot.com plans to partner with several billers to offer Pay with Bitcoin service to their customers.
We await with bated breath.