Australia has been one of the world’s true hotbeds of Bitcoin activity over the last eighteen months. Bitcoin ownership and commercial use have been among the highest of any country on Earth, with entire Australian towns looking to adopt the digital technology. Senate meetings, Bitcoin bill payment programs, and conferences with Andreas Antonopoulos have filled the news. Now, Australia takes a step towards true Bitcoin technology leadership with the advent of direct Bitcoin transfers into fiat currency bank accounts.
Leading Australian Bitcoin facilitator Living Room of Satoshi has pioneered the new program called “Pay Anyone” that works through their website. You can shift the field from Bitcoin bill payment, which is called BPay, to a bitcoin transfer screen, where you can enter the banking information required to consummate a transfer. Presumably, this will convert to the current value to fiat currency upon arrival. It will need the recipient’s BSB and account #, plus the amount of BTC sent in Australian dollars.
“Bitcoin users can now pay their friends, tradesmen and anyone else; even if the recipient has no knowledge about bitcoin,” says Living Room of Satoshi CEO Daniel Alexiuc. “This is a vital piece of payment infrastructure that is now available to all Australians.”
This level of Bitcoin functionality is a world-first, and may lead to adoption in other countries later this year. 2015 has been a banner year for Living Room of Satoshi, with over $500k in bills paid through their BPay program since inception. They’ve also won the TechCrunch award for “Best New Startup in Australia” in April, along with “Best in State” for Queensland, with the company’s headquarters in Brisbane, Australia. The comes after their one-year anniversary was celebrated last month, so Year Two seems to be starting off where Year One left off.
Photo provided by Living Room of Satoshi.
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Updated: June 15, 2015 at 9:19 am CET.
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