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More Australians Using Bitcoin for Household Bills

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Living Room of Satoshi, a free online service that enables payment of any BPAY-enabled bill using bitcoin, has found its Australian customers have paid an impressive $150,000 worth of bitcoin towards their everyday household bills using its service. Co-founder and CTO Daniel Alexiuc said “Bitcoin usage

Xapo Clarifies Debit Card Fee Position

xapo

After promising the official release of Bitcoin-based debit cards, Xapo became a crypto-currency darling. Sadly, however, the bloom went off the rose once users received word that their debit cards, connected to Xapo bitcoin wallets, would incur a number of transaction fees. Now the company,

Bitcoin Rise Halts

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The ascent of digital currency Bitcoin has been halted. Transaction levels have been crumbling this year, and priced in dollars total volumes are now back to the levels seen in 2012. Widely touted as a rival to traditional state-issued currencies, cryptocurrencies such as Bitcoin became

Australians Using Super to Invest in Bitcoin

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“I want to make [establish] a self managed superannuation fund and invest it in bitcoins. Will this be possible?” Type in “bitcoin” and “superannuation” into Google and questions such as this, asked on popular internet forums such as Whirlpool, creep up on computer screens. As

Alex Jones Now Accepting Bitcoin

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There are few personalities on the fringes of popular culture quite as polarizing as Alex Jones. The host of the syndicatedThe Alex Jones Show radio program is heard on well over 100 AM and FM stations across the country, bringing a mix of hardcore libertarian thinking,

Russia Set to Ban Bitcoin

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Russia’s Ministry of Finance has announced proposals to ban the issuance of bitcoin and any operations involving cryptocurrency. On Friday (1st August), the Finance Ministry announced on the government’s regulation website that it was drafting a bill relating to cryptocurrencies, which, if approved, will likely

NZ Banks Deny Shutting Down Bitcoin

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The New Zealand Bankers’ Association is not aware of any problems with the local Bitcoin community getting access to banking services. A Bitcoin ATM was shut down by its owner this week after claims the service could not get support from banks. The Herald understands

Igot to Protect Users from Bitcoin Volatility

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Recently, Igot, an Australian bitcoin exchange has been able to overcome a big hurdle associated with facilitating the trading of the digital currency, and that hurdle is volatility. Igot customers can now buy and sell when the trading prices are as per their expectations by

EU Set to Impose Restrictions on Bitcoin

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The European Commission signalled it will try to impose rules on virtual currencies, such as Bitcoin, after the bloc’s banking regulator ordered lenders to shun them. “It’s imperative to move quickly on this issue,” Chantal Hughes, a spokeswoman for financial services commissioner Michel Barnier, said

Blockchain Returns to Apple

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Blockchain’s bitcoin app is back on Apple ‘s App Store. The app, which lets users manage their Blockchain account from a mobile phone, was reinstated Monday by Apple after being booted from the store in February. The removal of the app infuriated bitcoin fans, some

Australian Bitcoin ATMs Set to Soar

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Perth, Adelaide and Brisbane may soon boast their own bitcoin ATM machines in shopping centres as popularity of the world’s most high-profile digital ­currency soars across Australia. Chris Guzowski, founder and chief executive of ABA Technology which provides bitcoin ATMs in Australia, said the company

NASCAR to Race Bitcoin Car?

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There was quite a bit of buzz surrounding efforts earlier this year to bring dogecoin to NASCAR as a means of promoting the digital currency, and it happened. Together, the dogecoin community raised enough funds to plaster their logo all over racer Josh Wise’s car,

U.S Blocks Mt Gox Bitcoins.com Auction

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TOKYO—A planned auction of bitcoins.com, a domain name owned by the chief executive of defunct bitcoin exchange Mt. Gox, has been postponed after a U.S. court order temporarily blocked the company that operated the exchange from selling assets. A district court in Washington state issued

AirBaltic Becomes First Airliner to Fly Away with Bitcoin

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The Latvian flag carrier, airBaltic now accepts Bitcoin as payment for tickets on its website. Valid for tickets to 60 destinations across Europe, the Middle East, Russia and the CIS (Commonwealth of Independent States), the Bitcoin payment option is available when purchasing the cheapest tickets

NY Targets Bitcoin with BitLicence

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New York State has become one of the first jurisdictions in the world to propose explicit licenses for companies wanting to carry out business in bitcoin. The proposal, known as the “BitLicence” would require businesses to keep records of the identities and real-world addresses of

Dell Jumps on Bitcoin

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Dell has jumped on board the Bitcoin bandwagon, with the global technology powerhouse to start accepting the cryptocurrency as a payment option for anything purchased on its website. The move was first announced by Dell’s founder and chief executive Michael Dell, who exulted over Twitter

More Australians Using Bitcoin for Household Bills

bill

Living Room of Satoshi, a free online service that enables payment of any BPAY-enabled bill using bitcoin, has found its Australian customers have paid an impressive $150,000 worth of bitcoin towards their everyday household bills using its service.

Co-founder and CTO Daniel Alexiuc said “Bitcoin usage in Australia is growing rapidly, and our customers tell us they are looking for more ways to spend their bitcoin. Paying bills is something we all do, and many are now using bitcoin to do it.

Living Room of Satoshi is a Brisbane-based startup that was launched in 2014. It offers customers the ability to use bitcoin to pay phone bills, electricity bills, school fees, credit card and tax payments.

 

About Living Room of Satoshi

Living Room of Satoshi is an online software startup created by two entrepreneurs from Brisbane,which enables customers to pay any BPAY bill directly with bitcoin.

It is named in honour of Satoshi Nakamoto, the mysterious person (or group of people) who designed and created the original bitcoin software.

Contact:

Daniel Alexiuc, Co-founder and CTO
Ph: 07 3822 7857
Email: daniel@livingroomofsatoshi.com

Xapo Clarifies Debit Card Fee Position

xapo

After promising the official release of Bitcoin-based debit cards, Xapo became a crypto-currency darling. Sadly, however, the bloom went off the rose once users received word that their debit cards, connected to Xapo bitcoin wallets, would incur a number of transaction fees.

Now the company, run by Wences Casares, is taking to its blog to explain the terms. They write:

“a one-time fee of US$15 in connection with ordering the card. That is still the case. Users who order the debit card will be charged US$15. This amount will be debited from your Xapo Wallet in bitcoins.”

We do not, however, intend to charge monthly fees or fees for everyday spending. If our users are charged a monthly service fee, Xapo will reimburse that amount in bitcoins. So, if you use the Xapo Debit Card and are charged a monthly service fee by our third party provider, we will directly reimburse your Xapo Wallet.

The original issue came up when company posted a fees schedule imposed by their debit card partner. This included a monthly fee as well as a surprisingly high ATM fees ranging from $3.50 to $4.50. However, there are no fees for debit card use.

“When we announced the card, we indicated that the card would not work at ATMs, so we didn’t address ATM fees. We have worked hard to make this functionality available for the Xapo Debit Card, but there are charges associated with ATM usage, similar to ATM fees currently associated with your bank-issued debit card,” the company wrote.

The company is charging users $15 to receive their debit card and is now shipping them after months of delays. The company, founded April, was the first major, well-funded bitcoin organization to offer debit cards and the Internet rejoiced. However, thanks to a mix of impatience, incomplete information, and poor communication on Xapo’s part, the rejoicing is decidedly muted online these days as the company struggles to please cryptofans.

Source: http://techcrunch.com/2014/08/05/after-angering-bitcoin-crowd-with-debit-card-fees-xapo-talks-back/

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