On 20th August, on the official Twitter handle of Cointree, a platform used for the purchase, sale, and store digital currencies including Bitcoin [BTC], Ethereum [ETH], Monero [XMR], and NEO [NEO], has announced a partnership with Gobbill.
Gobbill is a digital financial assistant that automatically pays bills and invoices. Being sponsored by Microsoft, it can support bills from utilities, telecommunications, insurance, and council rates. This collaboration would enable Australian citizens to pay their bills using cryptocurrencies.
Cointree was established in the city of Melbourne, Australia in 2013, with the main objective of making blockchain technologies more accessible and easier to understand for the common man.
The Co-Founder of Gobbill, Sheldon Ewans, disclosed that he did not have much knowledge about cryptocurrencies and it wasn’t until earlier last year when he finally started working on cryptocurrencies. He revealed that this was what pushed him to collaborate with Cointree.
He spoke about the partnership, stating:
“I have traded, but not very successfully. That was the appeal of Cointree. I’m a novice and I’m surrounded by people at [fintech co-working space] Stone and Chalk, who are deep crypto specialists”
He further adds that in the future whether people like it or not, cryptocurrencies would become an integral part of everyone’s daily lives. Gobbill is currently trading with fiat currencies as well as debit/credit cards and will soon incorporate digital currencies as a mode of payment.
The operations manager of Cointree, Jess Rendon stated that the company already had a payment service system for users but through this collaboration, they can expand their services and at the same time, make the process faster.
Further, Rendon says:
“Last year alone we had about $100 million of bills paid and saw ten times growth in this payment feature”
A Twitterati commented on the partnership saying:
“Another great step towards mainstream adoption in Aus #crypto”
A Redditor leoov89 commented:
“I keep my fingers crossed, and I’m glad I’m participating in a innovatory project))”
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Bitcoin SV surges by 6.84% in an hour; community speculates massive behind-the-scenes pump
The cryptocurrency market has witnessed major price hikes over the past few weeks, with Craig Wright’s Bitcoin SV emerging as the market’s unlikely performer. The Craig Wright-backed virtual asset, which is supposed to follow Satoshi Nakamoto’s original idea, outperformed every top 10 cryptocurrency over the past week, recording a growth rate of 22.86%.
At press time, the coin had recorded a price hike of 6.84% over the hour, with the coin valued at $228. The coin was traded the highest on CoinBene exchange, where the trading pair of BCHSV/USDT gathered a volume of $96 million. The exchange was closely followed by ZBG exchange, where the trade accounted for 13.62% of the entire trading volume.
According to the chart released by Trading View, a massive green candlestick can be observed. The chart also indicated that at press time, the candles were charting over the Moving Average [MA]. This suggested that extremely high trading volumes were pegged with Bitcoin SV.
Many in the community have speculated that the surge might be due to a massive dump of the coin in the market, after the token hit stagnation since pumping by more than 247 percent recently. The aforementioned price pump pushed the price of the coin from $53.22 to $250.
Previously, it has been suggested that the major pump witnessed within the Bitcoin SV ecosystem might be laden with market manipulation, implying the participation of illicit entities in the conduct of a “pseudo-pump” of BSV’s market. Further, the de-listing of BSV by major exchanges such as Binance may have made it more susceptible to sudden price movements, according to some.
At press time, Bitcoin SV was positioned 8th on the cryptocurrency charts. Despite the pump however, historical trends suggest a major price correction may be in the offing too.
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