How To Use Crypto To Pay Bills And Pay Friends In Australia

WeMoney

Use Your Crypto to BPAY Bills, Transfer Crypto to AUD in Your Friend’s Bank Account, and Even Buy Gift Cards. Here Are 5 Savvy Ways to Do More With Crypto in 2024:

Crypto is all about choice and freedom—the freedom to go bankless when it suits you and pay anyone, anytime. Today, your digital assets can do far more than just sit in a wallet waiting to appreciate in value. RelayPay, an Australian-owned and regulated crypto payments startup, and winner of Best for Crypto Payments in the 2024 WeMoney Cryptocurrency Awards, shows just how versatile crypto can be. RelayPay reveals Australians are using Bitcoin and other cryptocurrencies on their platform to:

• Pay for school and uni fees ($990 average per transaction)

• Fund share trading platforms via BPAY ($3,000 average per transaction)

• Clear credit card bills ($1,725 average per transaction)

• Pay for rent, council bills and even tax!

1. BPAY Bills with Your Crypto

RelayPay simplifies and secures the process of paying BPAY bills or converting crypto to AUD for bank transfers. You can use crypto from any major exchange like CoinSpot, Binance, or Swyftx, or even from self-hosted wallets like Ledger and MetaMask. RelayPay ensures you get the most competitive rates by leveraging its local crypto partners, converting your digital assets to AUD in a single, smooth transaction.

Pay any BPAY bill with crypto. With access to over 65,000 BPAY billers across Australia, RelayPay makes it easy to settle bills using your crypto.

Fast and secure payments. Enjoy a quick, reliable, and secure way to use your crypto for payments.

Support for larger transactions. RelayPay makes it easy to make regular-sized payments or larger transfers exceeding AUD effortlessly.

‍

Pay any BPAY bill with crypto

Learn more about paying bills with RelayPay.

2. Transfer Crypto to AUD and Banks

RelayPay makes it easy to transfer crypto to AUD. You can send funds directly into any Australian bank account, not just your own. With the recent addition of support for transfers over $1,000, it's perfect for paying friends, landlords, school fees, or handling loans that don’t accept BPAY.

Avoid international fees. Bypass hefty fees and long wait times by transferring crypto to fiat in overseas banks under your name. RelayPay supports 15+ fiat currencies across 40+ countries.

Wide crypto support. In addition to Bitcoin and Ethereum, RelayPay accepts stablecoins like USDC, USDT, and other popular tokens such as Solana and BNB. The platform has also expanded to Layer 2 networks like Arbitrum, Polygon, and Optimism to further reduce transaction fees.

Tax considerations. Converting crypto to AUD and paying BPAY could trigger a capital gains event according to the Australian Tax Office. It’s best to seek advice from an accountant or financial advisor.

Learn more about transferring crypto to banks

Learn more about transferring crypto to banks

3. Pay for Travel with Crypto

Wentravel.com is an exciting new Australian travel booking site where you can use cryptocurrency or traditional cards to secure over 250,000 hotel, travel, and adventure deals worldwide. This is a collaborative effort from the teams behind The Bali Bible and RelayPay. Interested? Sign up for free to unlock exclusive discounts in addition to already competitive pricing compared to major travel websites.

Book your next adventure with crypto

4. Buy Gift Cards with Bitcoin & Crypto

Get your gift cards with crypto

RelayPay digital gift cards can be bought with crypto and used either in-store or online at over 100 top Australian retailers, including brands like Flight Centre, Airbnb, Xbox, Kogan, Uber Eats, and Ikea.

Get your gift cards with crypto

‍

5. Accept Crypto Payments as a Business

According to a YouGov/Swyftx survey (August 2023), 55% of Australians who own cryptocurrency have used digital assets to purchase goods and services, both locally and overseas.

Whether you run a small business or a personal side hustle, accepting crypto payments is simple with RelayPay. Your customers can pay with crypto, while you receive AUD directly in your bank account—no need to handle crypto yourself.

RelayPay is an authorized representative of an Australian Financial License (AFSL) for non-cash payments, ensuring you’re fully compliant. In 2024, RelayPay won its second WeMoney award for Crypto Innovation Excellence in Merchant Payments.

Learn how to accept crypto for your business

‍

‍

‍

Turn your learnings into practice
Try WeMoney today.