An Australian company called IvyPay has a plan…

by Manoj Sharma for CNR

Over the years, Australia has become a notable hub for blockchain and virtual currency activity. Recently, two Australian companies have joined forces to build a new crypto-related service, called IvyPay, which will make paying bills with cryptocurrencies a lot simpler too.

It’s pretty clear that the number of real use cases for digital assets is limited to date. Bitcoin, which is the most popular cryptocurrency, is seen as an investment vehicle instead of being a currency to use to actually pay for things. But maybe solutions such as IvyPay can help change the current image of cryptocurrencies. It’s been launched by Ivy and HiveEx in the hope of making cryptos more useful, instead of speculative.

After all, despite their popularity, cryptocurrencies are still difficult to spend, thus creating a heightened demand for convenient and intermediary services. In this regard, IvyPay can serve of use to Australians as it primarily focuses on paying bills with cryptocurrencies.

Paying bills with digital currencies is possible in Australia for years, it should be noted. IvyPay is going up against strong competition as similar services like Living Room of Satoshi are already dominant in the Australia market.

According to LRoS, clients pay credit card bills, rent, gas and electricity bills mainly with Bitcoin. However, Litecoin, Ethereum, and Dash are also popular on the platform.

Since the service is not live yet, it is difficult to predict which cryptocurrencies IvyPay will support. If things go as per the plan, the service will launch in Australia by the end of this year, though.

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