A new ‘digital currency exchange platform’, igot.com, says it lets Australians pay a range of internet, rates, utilities, phone and other bills, and the rent, with bitcoin.
igot.com was co-founded by Patrick Manasse and Australian Rick Day, and bills itself as a “one-stop shop to buy, sell, send and request cryptocurrencies safely at the click of a button”, and bills itself as “Australia’s fastest growing Bitcoin exchange.”
The Company news “Pay Bills or Pay Rent” service 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.
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| Pay a range of bills with Bitcoin. |
Rick Day said: “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.”
“The function is convenient and simple to use when paying a bill or rent using bitcoin. igot.com pays the biller direct, deducting the user’s bitcoin balance based on the current market rate, enabling a fast and efficient transaction,” concluded Mr Day.
