This article was written by Elisha Owusu Akyaw, a Contributor to the PIVX Project, and is sponsored by PIVX
Australian Bitcoin bill payment service provider Living Room of Satoshi has added PIVX (Private Instant Verified Transaction) to its list of accepted method of payment for its service tied to BPAY software that is accepted by 45,000 firms across Australia.
According to the Founder and CEO of the Brisbane-based company which enables the payment of any Australian bill including phone bills, electricity bills, school fees, credit card and tax payments and fiat bank transfers using Bitcoin, Living Room of Satoshi added PIVX mainly for its features and its Proof of Stake capability.
In a statement by the startup which has so far processed over $5 million in bills, Daniel Alexiuc says:
“PIVX is one of those coins pushing the boundaries of what is possible with cryptocurrency, and combines some of the most interesting bleeding edge features with some entirely unique features too. Using a Proof-of-Stake mechanism with built in instant transactions and deep privacy, a robust budget and governance structure, PIVX is also working towards community driven voting mechanism that all PIVX holders can be involved in. We’re excited to see how our customers use PIVX at Living Room of Satoshi.”
The simplicity, anonymity and the ease of use that Living Room of Satoshi’s service brings has seen it become a favourite of cryptocurrency users and awarded “Best New Startup” in Australia in 2015. These key features are in tandem with what PIVX offers as a privacy focused decentralized open source cryptocurrency that seeks to achieve near instant private transactions and a governance that helps sustain its network for the benefit of all its users.
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Alexiuc adds that since Living Room of Satoshi started about three years ago, it has started gathering undeniable proof that its goal to show retailers that cryptocurrency could be a viable alternative payment option for their business.
“There is huge demand for bill payments with cryptocurrency from our customers, who are now collectively paying more than $150,000 AUD every week in everyday bills. We have no doubt this will continue to grow as people become more comfortable with the idea of cryptocurrency in everyday life.”
On the partnership with Living Room of Satoshi to bring private and instant transactions to thousands of Australians, a member of the PIVX Team says the integration will ignite interest in the cryptocurrency that was born out of a code fork of DASH.
Elisha Owusu Akyaw says:
“Our unique combination of Proof Of Stake and Masternodes to provide anonymous and fast transactions make us the ideal Cryptocurrency for a real world payment system. With this integration, the steps to answer the ‘What can I do with PIVX?’ question has begun as this is the first of many integrations to come.”
PIVX recently started the implementation of the privacy-enhancing Zerocoin Protocol that ensures every end-to-end transaction on its network becomes entirely untraceable.