Hello All,

In the current financial system (In the United States), The majority of my financial transactions are automated. I have set amounts that need to be in certain places at certain times of the month. I also know that automated bill pay and automatic withdrawals are something that is highly utilized.

My question is: How can Bitcoin support automatic withdrawals?

My first thought is have a wallet provider that has an option where you can set up "automatic" Payments to verified and approved addresses. This system would be nothing more than a date, sender, verified and approved receiver, amount.

This would be easier to accommodate consistent amounts such as - $300.00 on the 1st of each month. Other items, such as electricity or utility bills would be a different scenario because of the flux in the bill amount.

Just something I've had on my mind and want to get your guys' input!

Cheers.