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Published on February 25th, 2018 | by admin

BPAY and BSB payments with crypto now made easy with Paid by Coins

With cryptocurrencies reaching a global market capitalisation in excess of $500 billion, an ever-growing number of Australian consumers can now use their tokens to pay their credit card statement, rent, phone and other utility bills by BPAY thanks to the new online service Paid by Coins. The latest venture from Australian technology group Lakeba, Paid by Coins provides a secure payment solution for consumers, enabling crypto payments to be automatically converted to Australian Dollars and remitted to any billers on the BPAY network or to any Australian bank account.

The platform is also piloting a B2B gateway that will enable e-commerce sites to integrate crypto payments into their websites.

Giuseppe Porcelli, CEO and Founder of the Lakeba Group, said: “The future is here now. Our new venture Paid by Coins enables quick and seamless payment of any bills that accept BPAY using coins, enabling thousands of Australian consumers to use digital currencies for their everyday expenses. As an added bonus, by using Artificial Intelligence (AI), the Paid by Coins platform scans the Internet for the best exchange rate, which can save the payer up to 10% on the prevailing rate. We conservatively forecast $50,000,000 in transactions for the 2018 calendar year”

The new service is available now from www.paidbycoins.com


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