Daniel Alexek said in the publication: Bitcoin payments are very suitable for Australia

Golden Finance News - After years of hard work, the homepage of Australian Bitcoin payment portal Satoshi (LRS) has processed consumer bills with a turnover of US$5 million.

The startup, which began in May 2014, reached its industry milestone this month, according to industry insiders. It allows users to pay common household bills with Bitcoin.

CEO Daniel Alexiuc told the publication:

“As the first truly international, decentralized and peer-to-peer currency, Bitcoin payments are ideally suited for paying bills in Australia.”

“This also opens up new possibilities in other areas, such as foreign parents being able to pay some bills via Bitcoin to more easily support their children studying in Australia.”

A multi-million dollar turnover is an intriguing development, but the country’s privacy digital currency market prospects are difficult to get fair play in some legal arenas.

Now, with major banks participating in blockchain trials and consumer awareness increasing, the prospects for Bitcoin payments are optimistic.

He added: “Bitcoin is growing rapidly in 2017 due to its nature as an uncorrelated asset and decentralized currency.”

“As an investment, Bitcoin appears unaffected by the flows of other currencies or precious metals, global stock markets (sic) or any particular industry or government. This makes it sought after by hedge fund managers and individuals looking to diversify their wealth.”

Last month, billionaire Atlassian co-founder Mike Cannon-Brookes hinted that he is a long-term Bitcoin holder and that he is “paying a lot” for “betting” with the cryptocurrency.