DASH integrates with Australian cryptocurrency firm Living Room of Satoshi
DASH, an open-source project delivering safe decentralized financial solutions, has integrated with an Australian cryptocurrency company Living Room of Satoshi that allows Australians to pay their everyday bills with cryptocurrency, including rent, utilities, insurance bills, phone bills, speeding fines, credit card debt, and government tax bills.
With the integration, DASH has joined bitcoin as the only alternative currency option for bill payers on Living Room of Satoshi. The Australian digital currency firm will be tapping into Dash’s InstantSend technology when the Australian Banking Industry unleashes its New Payments Platform, scheduled for early 2017. The InstantSend technology will possibly allow real-time bank transfers between domestic Australian banking institution, the official release stated.
“We’ve tested other coins like Ethereum, but frequent hard forks and reliability issues made it unfeasible. Dash is perfectly suited as a payment system for bills and real world purchasing of goods and services. From the start, Dash was able to fill the holes Bitcoin created. Dash has the ability to effect transactions instantly, compared to prolonged bitcoin payments lagging over 10 minutes,” Daniel Alexiuc, founder and CEO of Living Room of Satoshi said. “The InstantSend feature of Dash separates them from every other cryptocurrency in the space. The integration with Living Room of Satoshi will ensure that money is sent and received faster than ever before, heightening user experience.”
DASH stands 7th in the list of all blockchain assets with the market cap of $62,370,827 at press time. Dash’s built-in governance and funding system allow projects to be proposed and voted on by the community, and if approved, paid for directly from the blockchain. Its features include instant transfers, low fees, optional privacy and state-of-the-art security, among others.
“We are happy to see true innovators in the space endorse Dash as the leading payment network alternative for their users. In this case, Dash's focus on instant confirmations and usability makes it the ideal fit for Living Room of Satoshi and will dramatically enhance the user experience. The growing amount of options to use Dash as ‘digital cash’ is the result of our overall strategy to develop a smooth roadway bringing cryptocurrencies into the hand of consumers all over the world,” Daniel Diaz, VP of Business Development for Dash said.