$5 Mln Household Bills Paid in Australia Through Bitcoin Payment Gateway
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....
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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....
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....
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....
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....
Let's face it, we all hate paying bills, but the ability to pay them with digital currency might help put a smile on your face. Earlier this year, CoinDesk reported on the launch of Bylls, a Canada-based service that allows users to pay bills in bitcoin at more than 6,000 organizations, including the government. It was one of the world's first. Now, new services are popping up around the globe that allow you to pay for everything from basic utilities to taxes in bitcoin. Like merchant bitcoin payment processors, bill payment services solve the problem of requiring every organization to....