Australian bitcoin bill payment processor Living Room of Satoshi surpasses $1 million mark

Living Room of Satoshi (LRoS), a leading Australian blockchain payments company that enables payment of any bill using bitcoin in Australia with a BPAY Biller code (BPAY is Australia’s leading bill payment service), has surpassed 1 million Australian dollars mark in bills and bank transfer payments, according to a press release LRoS sent to CoinReport.

LRoS, which is named in the honor of Satoshi Nakamoto, the mysterious bitcoin creator, says that through its service, its customers pay phone bills, electricity bills, school fees, credit cards, tax payments and more. The company is not affiliated with or endorsed by BPAY Pty Ltd.

Blockchain, a promising financial grade technology currently being tested by banks, is a secure distributed ledger that aims to improve on existing payment systems.

Living Room of Satoshi founder & CEO Daniel Alexiuc

LRoS CEO Daniel Alexiuc said in the press release, “Our customers have proved that the Blockchain is a viable alternative to the expensive and inefficient de facto banking payment networks.

“Over $1 million of electricity bills, school fees and even tax payments show that everyday banking can happen on the Blockchain, and I expect to see much more in 2016.”

LRoS publishes a full data breakdown of the categories of bills being paid at https://www.livingroomofsatoshi.com/graphs

Images courtesy of Living Room of Satoshi