Living Room of Satoshi Launches 'Pay Anyone' Bitcoin Payment Service to Any Australian Bank Account

Recently, a service called the Living Room of Satoshi announced reopening its doors despite the unfair Australian goods and services tax (GST). Bitcoin business are hit hard by the GST ruling, and Living Room of Satoshi announced prior that it was closing shop due to the financial regulation. The service provides Australian residents with a way to pay bills and utilities with bitcoin while utilizing BPAY, a popular universal bill-payment system that nearly every major business uses. Through Living Room of Satoshi, Australians paid $150,000 worth of bills using bitcoin.

Australian Bitcoin startupLiving Room of Satoshi has resumed operations following their closure in October. Using the Living Room of Satoshi website, Australians can use bitcoin to pay any bills that utilize BPAY, an Australian electronic payment system. According to the company, the service caught on quickly; the Living Room of Satoshi processed more than $250,000 in bills from its launch in May until its closure. Also read: UK Treasury Seeking Regulation Advice From Bitcoin Community. Bitcoin Company Living Room of Satoshi Resumes Operations. The Living Room of Satoshi was forced to....

As Bitcoin grows in popularity, more use cases for the cryptocurrency pop up every day. This time, an Australia-based startup has created a service that allows citizens in the country to pay their household bills with Bitcoin. Paying Bills with Bitcoin. Dubbed the Living Room of Satoshi, the Australian startup allows users to pay their bills with Bitcoin by entering the details of the payment, choosing a payment system (bank account or BPay) and sending their coins to the BTC address shown. Yesterday Living Room of Satoshi tweeted: The Living Room of Satoshi’s new service supports payment....

A new service launched by bitcoin payments company Living Room of Satoshi allows Australians to pay virtually anyone by using bitcoin. This service called "Pay Anyone" will allow them to transfer funds directly to a traditional bank account. "Bitcoin users can now pay their friends, tradesmen and anyone else; even if the recipient has no knowledge about bitcoin," says CEO Daniel Alexiuc. "This is a vital piece of payment infrastructure that is now available to all Australians." Payments Using Bitcoin. Living Room of Satoshi is a payments company that enables payment of any bill using....

There is still a few more days left for submitting comments to the NYDFS regarding the BitLicense, but for some Australian Bitcoin companies it is already too late. The Living Room of Satoshi has suspended all operations in light of the recent goods and services tax (GST) ruling on bitcoin. The Living Room of Satoshi was “a simple, secure way to pay your everyday Australian bills (electricity, rego, phone, credit card, etc) with bitcoin.” Unfortunately, under the new GST ruling, Living Room of Satoshi customers would be taxed once when sending funds to the company, and again when the....