Users of Swedish startup Bitrefill in the United States will be able to use crypto to pay their taxes, credit card bills, utilities, healthcare, mortgage payments, and 20,000 other types of bills.
“Just like the streaming video services allowed people to ‘cut the cord’ from their cable provider, this lets users take a big step towards cutting the cord with their bank and live bankless,” Bitrefill said in a statement sent to Bitcoin Magazine.
Bitrefill users can choose one of the world’s most popular cryptocurrencies to pay bills. Aside from Bitcoin, those include Ethereum, Litecoin, Dogecoin, DASH, and USDT.
T-Mobile, American Express, State Farm, Wells Fargo, United Healthcare, and Liberty Mutual, among others, have integrated the service for credit card bills, utilities, auto loans, healthcare, mortgage, and social security payments.
Users will be able to pay property and other taxes, as well as funeral service fees, in crypto using Bitrefill’s Pay Bill service, according to the company.
“They say there are only two certain things in life – death and taxes,” said Sergej Kotliar, CEO of Bitrefill. “Now you can pay both your tax and funeral costs with crypto.”
Bitrefill claims that its Bill Payment service has grown by 100% to 200% every month since its launch. Due to “scaling constraints,” the firm stated that it will initially enter the American market through a waitlist. Users will be given access to the product on the company’s iOS and Android mobile apps on a first-come, first-served basis, laying the groundwork for welcoming new clients as quickly as possible.
According to the company’s website, Bitrefill will charge a 2% convenience fee on the total bill paid to cover the costs of paying and processing each bill payment, which is not discounted by the provider or payee.
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