Welto Partners with Coinbase to Enable Bitcoin Bill Payments
Welto, a new cryptocurrency payment application, has announced its integration with Coinbase, allowing users to pay their bills using Bitcoin in a streamlined and simple fashion. Users simply provide their payee account info, address, and account details, and Welto handles the payment within 24 to 48 hours. For Coinbase wallet holders, the process is even faster — Bitcoins are transferred instantly to Welto’s wallet, triggering immediate bill payment.
According to the Welto press release: “As for now, we allow paying bills with Bitcoin within the Coinbase platform. So, if a user has a Coinbase wallet, it works even faster. Bitcoins come to our wallet immediately, and we start paying the bill after that right away. If a customer doesn’t have a Coinbase wallet, we allow them to pay from another wallet with a Coinbase-friendly QR code.”
Payment Limits and Tracking
Welto accepts Bitcoin payments ranging from $5 to $300 per transaction. After making a payment, users can track its status through Welto’s system, seeing when the payment is posted and when the payee has accepted. This service eliminates the need for cryptocurrency holders to exchange their crypto for fiat currency before paying utility bills or other expenses.
Welto elaborated on their vision: “We are building a system that will allow our customers to spend their cryptocurrency on real goods and services wherever they want. We started from the US market and plan to extend our service and application worldwide. As of now, we are providing our users with the ability to pay their bills directly with cryptocurrency.”
Multi-Coin Support via CoinPayments
In addition to Bitcoin, Welto has teamed up with CoinPayments to allow users to pay bills using a variety of altcoins. This kind of service is gaining popularity as cryptocurrencies like Bitcoin achieve wider mainstream adoption. For long-term holders, Welto provides a practical way to use digital assets without selling them, reducing the friction of converting to fiat.
By integrating with Coinbase, Welto simplifies the user experience, making it as easy as sending a few clicks to settle monthly bills. As the platform expands globally, it could significantly enhance the real-world utility of cryptocurrencies, moving beyond speculation to everyday transactions.