European payment processor Cashila has partnered with Bitnik Reload, a Slovenian bitcoin service that will automatically re-buy all the bitcoin a user spends at Cashila from the exchange they prefer.

Jani Valjavec, co-founder of Cashila, made the announcement in a blog post. He explains that for this service users simply need to use their default bitcoin address and make payments/transfers (pay bills, purchase goods, make cross border transactions or simply cash out) using Cashila.

Calling Reload as “a quite smart piece of software”, Valjavec added that it is a web application that keeps an eye on users’ public bitcoin address(es). When it detects that bitcoins have been spent (sent) from one of the observed address, Reload will immediately repurchase the equivalent amount of Bitcoin from a local bitcoin exchange, irrespective of the user’s residence. From now on, every time users make a payment via Cashila, their bitcoin wallet balance remains the same. Users will be able to make transfers to the euro-zone from all over the world and always get the best price.

“Reload will keep an eye on your public bitcoin addresses and when it sees you’ve spent some, it will automatically re-buy bitcoins, so you never run out. Anonymously and free of charge”, Valjavec said.

For setting up the wallets users need to follow these steps:

1. Login to Reload
2. Set their bitcoin wallet/public addresses on their watch list. Supported wallets are listed here.
3. Connect their local bitcoin exchange to their Reload account via the secure API.
4. Upload funds to their exchange (if they haven’t already), so Reload can use them to instantly purchase bitcoin at the market price.

For making payments, users need to

1. Login to Cashila
2. Select “PAY”, enter the desired amount and the recipient’s bank details
3. Make a payment from the payments addresses
4. Bitcoins get rebought instantly with Reload
5. Cashila send the funds to the recipient’s bank

Valjavec concluded saying:

“We believe that we have to support Bitcoin’s day-to-day usage, since it is the only way to spread mass adoption. With Cashila and Reload you can now start using your bitcoins and never worry about your supply or volatility again. Pay your bills with Cashila and leave Reload to reliably and automatically repurchases spent bitcoins for you in seconds.”