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Living Room of Satoshi Licenced

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29 days agoSteemit

LRoS is a bill payment service in Australia.
Basically users send BTC or alts and in exchange your bill, be it elec, gas, or even visa card, can be paid.
It was a great service in the early days but KYC has put a lot of people off.

However this new licence could prove a winner for them, and us as an easy a-bit KYC way to exchange Crypto to pay a fiat bill.

The flood gate is open, watch how many more similar service companies start to provide the same service.
Hopefully some will not require KYC just to perform a bill paying service, eg BPAY doesn't require KYC in the same way the laws in Aust require it for BTC.

Time will tell

https://coingape.com/crypto-adoption-australia-grants-financial-services-license-to-this-crypto-company/

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