Instant, feeless bitcoin and Ethereum to fiat conversions, with savings of up to 10% on market rates. Fancy.
Paid by Coins, backed by Lakeba Group venture capital, has launched a new platform to let its users convert cryptocurrency to cash, either by paying BPAY bills with it or sending it directly to bank accounts, much like Living Room of Satoshi.
At the moment it appears to only take bitcoin or Ethereum payments, unlike LROS which accepts a much wider range of cryptocurrencies. But according to Giuseppe Porcelli, Lakeba Group CEO and founder, it offers one significant difference.
“As an added bonus, by using Artificial Intelligence (AI), the Paid by Coins platform scans the Internet for the best exchange rate, which can save the payer up to 10% on the prevailing rate.”
“The future is here now. Our new venture Paid by Coins enables quick and seamless payment of any bills that accept BPAY using coins, enabling thousands of Australian consumers to use digital currencies for their everyday expenses,” Porcelli said. “We conservatively forecast $50,000,000 in transactions for the 2018 calendar year.”