Unholy Trinity: Australia Joins in Cash Crunch, $100 Bills Could Go
Australia is mulling the idea of decommissioning its highest value banknote in what appears to be a global trend for removing physical bills. Minister: Priority ‘Closing Down Loopholes’. As was previously reported, the country’s banks are already arguing for removal of larger notes, and making calls for a cashless economy. Speaking in a radio interview Wednesday, Australian revenue and financial services minister Kelly O’Dwyer said the move would come as part of a “crackdown on the black economy.” She explained: The whole point of this crackdown on the black economy is to make sure we....
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Over the past year, bitcoin startups in the Philippines and Australia have begun to target day-to-day expenses and remittances; markets that are in desperate need of instantaneous, secure and cost-effective payment systems. Startups including Australia-based Living Room of Satoshi and Manila-based Rebit.ph, also known as the parent company of Bills Ninja, have been trying to educate the global population to use bitcoin in day-to-day expenses, such as paying utility bills and settling bank payments. Paying Bills with Ease. Earlier this year, Rebit.ph acquired bitcoin bills payment platform....
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....
Coinmap of bitcoin in australia. Bitcoin in Australia has seen solid merchant-adoption in various cities, but one of the biggest problems of bitcoin mass adoption will always be paying for already institutionalized industries. Paying for student loans, internet service, phone service and public transportation are big obstacles in the way of the critical adoption levels Bitcoin-users crave. DISH has recently begun accepting Bitcoin as payment, which helps push past one obstacle, but what about all the other bills that pileup each month? For Australian Bitcoin users, the answer came in May....
On Tuesday, the bitcoin mining and energy technology firm Cleanspark announced that it has secured $35 million in non-dilutive financing from Trinity Capital. According to the company, Cleanspark aims to leverage the funds for growth capital expenditures.
Cleanspark to Bolster Growth Expenditures With $35 Million in Financing From Trinity Capital
Cleanspark has revealed it has finalized a $35 million finance deal with the venture debt financing provider Trinity Capital in order to fuel the company’s growth. The financing deal follows Cleanspark’s recent Texas....
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....