Blockchain payments catch on: Australian startup processes $1 million

Brisbane, Australia

22nd December 2015





Living Room of Satoshi, a leading Australian Blockchain payments company, surpassed $1 million in bills and bank transfer payments through its service.





Blockchain, a nascent financial grade technology currently being trialled by banks, is a secure distributed ledger which aims to improve on existing payment systems.





CEO Daniel Alexiuc said: “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.”





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









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About Living Room of Satoshi

Living Room of Satoshi is a blockchain payments company that enables payment of any bill using bitcoin, the currency of the internet. Our customers pay phone bills, electricity bills, school fees, credit cards, tax payments and more.





It is named in honour of Satoshi Nakamoto, the pseudonymous and mysterious creator of the original bitcoin software.





• Launched in May 2014

• Have processed over $1 million of Australian payments using bitcoin

• Not affiliated with or endorsed by BPAY Pty Ltd.





Contact

Daniel Alexiuc, CEO and Co-founder





Address: Level 54, 111 Eagle Street, Brisbane 4000





Ph: +61 403 508 134











