Bitcoin Bill Payments in Australia Rises 3300% in 3 Years
Australian bitcoin startup Living Room of Satoshi, a payments company that enables users to pay their bills with bitcoin, has now processed $5 million in household bills with the cryptocurrency. There is a remarkable rise in bill payments using bitcoin in Australia. The numbers are telling. Living Room of Satoshi, the company enabling bill payments in the country with bitcoin, launched in April 2014. By August that year, Australian residents had paid upwards of $150,000 toward bills with the world’s most prominent cryptocurrency. “Bitcoin usage in Australia is growing rapidly, and our....
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A new bill paying cryptocurrency platform wins “Best Pitch” at the Technology & Innovation - The future of Digital Payments Conference recently held at the Sidney Hilton Hotel. If you are over 50 years old you probably remember sitting at the kitchen table each monday writing and mailing checks to pay your bills. Bill paying has always been either tedious or expensive and is often both. When this began to change with things like automatic bill payments and direct deposits, exorbitant fees and mistakes like overbilling started becoming commonplace. The Brisbane, Australia startup Living....
Australia Bitcoin payment gateway Living Room of Satoshi (LRS) has reached $5 mln volume after years of regulatory hurdles. As Business Insider reports, the startup, which began in May 2014, reached the milestone this month. It allows users to pay common household bills in Bitcoin. “As the first truly international, decentralised and peer to peer currency, Bitcoin is perfectly suited to bill payments in Australia,” CEO Daniel Alexiuc told the publication. “It also enables new possibilities, like parents in foreign countries being able to easily support their children studying in Australia....
Living Room of Satoshi, the intermediary that enables folks to pay their bills with Bitcoin, has been recognized by the wider business company for its innovation. In some ways to TechCrunch's Disrupt awards, the event is meant to highlight regional businesses who have pioneered new territory in their space. Living Room of Satoshi was one of the first companies to achieve the goal of enabling Bitcoin bill payments, and its user base has steadily grown since its launch about a year ago. Within a few months, they had done $150,000 in bill payments, charging no fees to the customer. The....
The government of Australia is preparing to comprehensively regulate the activities of cryptocurrency exchanges and custodians. The push is part of a major overhaul, aimed at preserving the country’s sovereignty over its payments system, which will also affect providers like Apple and Google. Payment Laws in Australia to Cover Crypto Business and Big Tech Authorities in Australia are gearing up to update the nation’s legislation governing payments in the largest reform of the industry in over two decades. The changes will expand the regulatory framework to encompass new....
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