Key Takeaways:
- Users in the United States will be able to use cryptocurrency to pay their credit card bills, utilities, healthcare, mortgage payments, and 20,000 other types of bills. Taxes, too!
- Bitrefill’s Bill Payment offering, which was first launched in El Salvador following the adoption of bitcoin as legal tender in September, has grown at a rate of 100-200 percent per month.
- Invited individuals will be able to pay their bills instantly with Bitcoin, Ethereum, and other cryptocurrencies beginning tomorrow. The service will be available via bitrefill.com as well as iOS and Android apps.
Bitcoin can now be used to pay bills in the United States, including taxes.
Beginning Thursday, Bitrefill users in the United States will be able to use the company’s new Bill Payments service to pay credit card bills, utilities, healthcare, mortgage payments, and 20,000 other kinds of bills with bitcoin.
“Just as streaming video services enabled people to ‘cut the cord’ from their cable provider, this allows users to take a significant step toward cutting the cord with their bank and living bankless.” Bitrefill says
The offering was first launched in September, following the passage of El Salvador’s Bitcoin Law, which made the peer-to-peer (P2P) digital currency legal tender in the country. Since then, Bitrefill claims that its Bill Payment service has grown at a rate of 100 to 200 percent per month.
Bitrefill offers products and services that make it easier for anybody to live on cryptocurrency. Bitrefill.com offers a variety of gift cards, prepaid mobile refills, and Lightning networking services that can be purchased using Bitcoin and other cryptocurrencies from anywhere in the world.
Bitrefill is a supporter of the circular crypto economy. A world in which cryptocurrency is not an asset to be invested in, but rather real money, necessarily implies for people to pay and be paid. A world in which all financial transactions, such as receiving a salary, paying bills, lending money, or splitting the dinner bill, are completed using a cryptocurrency wallet. Crypto is bringing financial liberation to people all over the world, and Bitrefill is proud to carry out the important work of providing services that make it simple to live on cryptocurrency. Just as streaming video services enabled people to “cut the cord” from their cable provider, this allows users to take a significant step toward cutting the cord with their bank and living bankless!
Due to “scaling constraints,” Bitrefill stated that the service will initially enter the American market through a waitlist. Users will be granted access to the offering in the company’s mobile apps for iOS and Android on a first come, first served basis, laying the groundwork for inviting new customers as quickly as possible.
Bitrefill stated that the service will be introduced in collaborative efforts with a regulated financial services provider and that users will be required to verify their account by submitting an identity document as well as proof of U.S. residency.
Users will be able to pay multiple bills with a single bitcoin payment because Bitrefill will allow them to add multiple bills to the platform’s “cart” before checking out.
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 are not discounted by the provider or payee.
Here are just a few of the thousands of bill payment options available through Bitrefill in the United States today: T-Mobile, American Express, State Farm, Property taxes, Social Security payments, Mortgage, credit cards, and auto loans from Wells Fargo, Chase, Bank of America, American Express, Citi, and US Bank, United Healthcare, Anthem, USAA, Hartford, Progressive, Geico, and US Bank, Allstate, and Liberty Mutual and many more.
“There are only two certainties in life: death and taxes.” “You can now pay your taxes and funeral expenses with cryptocurrency,” Bitrefill CEO Sergej Kotliar said in a remark.
