On this channel, we've talked about crypto adoption,
receiving and buying crypto,
even getting paid in crypto,
then using it in everyday life.
Today, we're talking bills,
the second most dreaded thing next to taxes.
Utilities,
car payments,
insurance,
the VBox your kids accidentally bought on your credit card,
that's right,
those bills.
This is one of the biggest questions about crypto adoption.
How do we use crypto easily in everyday life?
Let's explore some groundbreaking payment systems and tech
that makes crypto assets even more useful.
Let's get it!
Welcome to BitBoy Crypto!
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My name is Ben.
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In this video, we break down the top platforms you can use to pay bills with crypto.
Bity.com is a company out of Switzerland
that allows you to make online crypto transactions and bill payments.
On the website, bill payments are broken down into steps.
Log into your account. Then add your biller's bank account details.
From there, it works like any online bill payment system
where you select the company or person you want to pay on the Buy/Sell page.
Send them ETH or Bitcoin from a linked wallet,
and the order is confirmed.
The Bity platform will then convert crypto payment into fiat
and deposit it into the payee's account.
The platform works in Europe and converts the funds into either the Swiss franc or euro.
Overall, this program looks like it would work well
if you want to do as many of your transactions in crypto as possible.
Some people get paid in crypto and want to keep the funds in crypto.
So for all you BitSquad members with vacation homes in Europe,
this site could be for you.
Canada,
America's northern neighbor
that for some some reason is still simping for colonial rule,
has a company called Bitcoin Well,
a site that allows users to enter payee bank account information and, like Bity,
the platform exchanges crypto for Canadian dollars.
It pays the bill within two to four business days.
Users of the Bitcoin Well platform can use many different crypto assets to make payments,
including Bitcoin, Litecoin, Ethereum or Bitcoin Cash,
and it charges a 5% fee to make a transaction.
The website boasts 99% of Canadian bill payees are available to pay using Bitcoin Well.
And all major credit cards can be paid using the platform.
It's not just igloo or moose expenses you can pay down in Canada.
It's any bill or major credit card,
making it easy to put your money in crypto and keep it there.
Wait. Did I say igloo?
I'm sorry.
I know you guys don't live in igloos in Canada.
Do you?
But I know you have moose.
In Australia,
Cointree is a good bet to pay bills using crypto assets.
This platform allows users to make payments in Bitcoin, Ethereum
and a hundred other altcoins it allows its users to pay with.
To easily pay bills,
users top up their Cointree account with any crypto asset,
then you go to the Pay Bill tab and select a payee.
The platform also allows users to make payments to major credit cards.
Cointree will then convert the payment to the Australian dollar,
and you're off to the races like a bunch of kangaroos
or more likely the Melbourne Cup.
Crypto OG Dash has launched its own bill pay app,
DashDirect.
I'm glad to see cryptos that are first and foremost currency actually doing what they set out to do.
Dash, a coin we've talked about quite a bit on this channel,
used to be a privacy-centric coin that's been around since 2014.
But recently, they removed the privacy label from the coin,
saying it's more of a digital payments coin.
But now the DashDirect app allows you to use your crypto
at over 155,000 locations across the United States.
Want some Buffalo Wild Wings?
Even though they have mediocre wings?
Use DashDirect.
Need to swing by Home Depot, American Eagle, Staples?
Use DashDirect.
Save up to 12% on your purchases.
All Dash payments with DashDirect are optimized to be instant and secure.
DashDirect is noncustodial.
Users control and manage 100% of the Dash they own
with no third parties involved.
The official Dash wallet is used to facilitate Dash transactions
to send a payment from a user's Dash wallet from their available balance easily with user verification
to approve the use of funds.
DashDirect is a noncustodial wallet that you fully control.
Spend your Dash coin with the new DashDirect app that you can download now for iOS and Android.
Now, a BitSquad favorite option for paying bills in crypto in the US is crypto asset credit card.
Crypto credit cards are nothing new.
Crypto.com offers a prepaid Visa card
that can be topped up with fiat or crypto through the linked app.
To apply for the card,
you have to stake Crypto.com tokens or CRO for a locked 180-day period.
CRO tokens are currently trading at about 11¢ at the time of this recording.
Credit card rewards you get are based on the amount of CRO tokens staked,
which means that loading the card up with the equivalent of $400,000
will earn an 8% reward
and gets a free membership to Netflix, Amazon Prime and Spotify,
as well as other discounts.
The amount staked or the amount of funds loaded onto the card can be less than that,
and the rewards decrease accordingly.
The pros of the card are that there's no annual fee,
and you don't need a credit pool to get one,
there are no ATM fees,
and generous crypto-back bonuses.
The cons of the card are the high amount of CRO needed to stake for a higher tier card,
low monthly ATM limits for lower tier cards as well.
Now, if you want to sign up for the Crypto.com card,
you can do that by visiting bitboycrypto.com/deals,
scrolling to our top deals and clicking on the Crypto.com link.
You've got to use the code "bitboy" to get $25 for free when you sign up for the card.
Now, another way is to use a Visa card and pay it off directly using crypto.
In early March, Visa announced that it will now be possible
to pay off your credit card bill directly with crypto assets.
According to The New York Post,
Visa has launched a payment program with Crypto.com, and payments can be made in USD Coin now.
USD Coin is a stablecoin that is pegged to the US dollar
and runs on the Ethereum, Algorand and Solana blockchains.
USDC was launched in 2018 by Circle.
The company claims that each USDC is backed by one US dollar.
The move for Visa is an interesting one
because it eliminates the need to convert crypto or fiat to pay off the balance.
Currently, if a customer uses a Crypto.com credit card,
crypto assets are converted to fiat within the Crypto.com wallet,
and it is then wired to Visa at the end of the day to settle transactions.
This, of course, creates a fee,
which makes the whole transaction less efficient.
This new partnership deal will allow payments and transactions
to be made without the need to convert from crypto to fiat,
creating a much smoother and overall better crypto asset transaction.
Crypto is getting closer to mass adoption,
and we are seeing that with all the platforms helping people to send, receive and use crypto,
paying bills is one of those daily tasks that everyone has to do,
and now we can do it all with crypto.
Comment down below.
Have you used crypto assets in your daily life?
Would you use crypto to pay your bills? And what method would you use to do it?
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That's all I got.
Be blessed.
BitBoy out.