Bitcoin is a powerful tool to accomplish just about anything in this world and one of the options to harness that power is by creating a local ecosystem. Not only can underbanked nations benefit from Blockchain technology, but people in remote areas are a catalyst for Bitcoin adoption. A local farming Bitcoin ecosystem is not something most people would have envisioned, but in Australia, they are somehow making it work.
One of the most often heard complaints regarding Bitcoin is the fact we can not use it enough for everyday things. For example, when it comes to paying your weekly or monthly bills, there is no option of doing so in Bitcoin directly. That being said, several companies in Europe – and now also Australia – are working towards achieving that goal.
Paying Bills in Bitcoin Around the World
When it comes to paying bills with Bitcoin, there are several ways to go about it. The most obvious choice comes in the form of selling your Bitcoin through an exchange, having the funds deposited into your bank account and then using that money to pay your bills. However, this is a rather tedious process and people would rather just use a service to pay these bills.