Australia allows Crypto payments for Bills

Cointree has partnered with GoBill to allow the residents of Australia to pay everyday household bills like electricity with a variety of cryptocurrencies. This is one of the biggest signals of widespread adoption not just for Bitcoin, but for cryptocurrencies in general. Australia is a land of 24 million people and even if one-tenth of them(2.4 million people) start using cryptos to pay off bills, it could represent hundreds of millions of dollars worth of transactional value that is not just speculation for cryptos which would be a big step for cryptocurrencies coming into widespread use in everyday life. Since the price of cryptocurrencies closely follows its daily transaction volume, this kind of usage by that many people would drive the market price of cryptocurrencies up in price and usage to pay everyday things like electric bills will go a long way for cryptocurrencies to see widespread use.

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