The 2015 Australian Startup of the Year Living Room of Satoshi is having another great year of “unprecedented growth”. Now the bill payment platform has announced Dash integration allowing users to pay rent, utilities, credit cards, and tax bills with the cryptocurrency.
Living Room of Satoshi Integrates Dash
Brisbane-based Living Room of Satoshi is an application that enables customers to pay bills with cryptocurrency. Australians can pay a wide variety of bills with the service, adding more convenience to the digital economy. Over the course of 2016’s first three quarters the company has processed a total of $2 million AUD — an increase of 250% on 2015.
The service is tethered to BPAY online, software that is accepted by 45,000 firms across Australia. This November the company added the privacy-centric Dash, allowing users to utilize the currency to pay bills. Dash has the seventh highest cryptocurrency capitalization in the industry and a significant community.
“We’ve tested other coins like Ethereum, but frequent hard forks and reliability issues made it infeasible. Dash is perfectly suited as a payment system for bills and real world purchasing of goods and services,” explains the Living Room of Satoshi Founder and CEO Daniel Alexiuc.
More Innovative Features Coming With ‘No Sign of Slowing Down’
This week Bitcoin.com’s forum also hosted an AMA with the firm’s founder Daniel Alexiuc. The CEO answered a few questions about the future of the company, explaining there will be a “heap of innovation in the coming 12 months.” For instance, Alexiuc mentioned they were working on a way for users to buy precious metals, and extend the company’s rewards program.
“We attribute the success of Living Room of Satoshi to an unwavering focus on ease of use. When I pay a bill, I want the process to be as quick and easy as possible, and that attitude is reflected in every aspect of our service,” Alexiuc details. “Even those new to digital currencies have noted how simple our site is to use; there is no signup required, just simply enter the bill details, pay your bill, and you’re done. We have just passed the milestone of processing over $100,000 AUD per week, with no sign of slowing down.”
Living Room of Satoshi Will Utilize InstaSend Technology
Dash’s Business Development VP Daniel Diaz believes the cryptocurrency’s InstaSend technology is ideal for the Australian platform. “In this case, Dash’s focus on instant confirmations and usability makes it the ideal fit for Living Room of Satoshi and will dramatically enhance the user experience,” he explained.
In 2017 Living Room of Satoshi plans on utilizing Dash’s InstaSend when the Australian banking industry unveils its new payments system. The new infrastructure will enable real-time bank transfers between domestic Australian banking institutions. With Dash’s instant confirmations customers could make international payments to any Australian bank account.
“The InstantSend feature of Dash separates them from every other cryptocurrency in the space. The integration with Living Room of Satoshi will ensure that money is sent and received faster than ever before, heightening user experience,” Alexiuc concluded.
What do you think about the Australian startup Living Room of Satoshi? Let us know in the comments below.
Images courtesy of Living Room of Satoshi and Dash websites.
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