DASH integrates with Living Room of Satoshi bill pay service
Dash, the “better bitcoin,” has been integrated into one of Australia’s most promising cryptocurrency companies, Living Room of Satoshi, a business that has already revolutionized the way people pay their bills online. Founded only two years ago, Living Room of Satoshi was named 2015 Australian Startup of the Year award by StartupSmart for the innovative way the company allows Australians to pay their everyday bills with cryptocurrency, including rent, utilities, insurance bills, phone bills, speeding fines, credit card debt, and government tax bills. The service is linked to BPAY, an online bill payment mechanism accepted by over 45,000 companies across Australia. Today, Dash joined Bitcoin as the only alternative currency option for bill payers on Living Room of Satoshi, a company which has soared in popularity with over $2 million AUD processed in the first three quarters of 2016, a 250% increase from $800,000 AUD the previous year.
Living Room of Satoshi Founder and CEO Daniel Alexiuc said, “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. 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.”
From humble beginnings as a privacy-centric cryptocurrency project, Dash has evolved into a next-generation payments alternative for the real world, perfectly matching the requirements for Living Room of Satoshi.
“We’ve tested other coins like Ethereum, but frequent hard forks and reliability issues made it unfeasible. Dash is perfectly suited as a payment system for bills and real world purchasing of goods and services. From the start, Dash was able to fill the holes Bitcoin created. Dash has the ability to effect transactions instantly, compared to prolonged bitcoin payments lagging over 10 minutes,” added Alexiuc.
The Dash market cap has quintupled in value in a year and experienced a 3000% increase in 24 hour trading volume from October 31, 2015 ($40,000 USD) to October 31, 2016 ($1.2 million USD).
VP of Business Development for Dash Daniel Diaz said, “We are happy to see true innovators in the space endorse Dash as the leading payment network alternative for their users. 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. The growing amount of options to use Dash as ‘digital cash’ is the result of our overall strategy to develop a smooth roadway bringing cryptocurrencies into the hand of consumers all over the world.”
Living Room of Satoshi will be tapping into Dash’s InstantSend technology when the Australian Banking Industry unleashes its New Payments Platform, scheduled for early 2017. The initiative will allow real-time bank transfers between domestic Australian banking institutions to be possible, meaning that Dash will be used to make instant, international fiat payments to any Australian bank account from anywhere in the world.
“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 added.