Living Room Of Satoshi - Pay your bills with Steem!
Hello Everyone!
It was brought to my attention by @ausbitbank that https://www.livingroomofsatoshi.com @roomofsatoshi now accepts Steem to bpay your bills or direct to your bank account.
This development was brought by the dedications of our hard working community and maybe a little pestering from https://steemit.com/australia/@ausbitbank/should-livingroomofsatoshi-trade-steem-for-direct-australian-bank-deposits-show-your-support-here.
And yes, I know, trading my precious Steem for that crazy fiat stuff isn't the way we want to be doing things, but I took a hit for you all on the in case some of our harder up Steemians have a need for this in the future.
So here it is!
You can choose BPAY or Bank Account here^
Ensure you use correct details! double check your information always! (maybe even triple check)
You will now have this screen, ensure you copy the Memo and the To address correctly.^
I used bittrex to complete the transaction as all my Steem is powered up currently, but you can send direct from Steemit if you desire. Please check all details before confirming the transaction (I can't stress this enough!)
After your transaction is complete you'll get a result like the above. ^
You can even get a receipt emailed to you for your records if you wish.^
All in all I found it a rather painless process and very interesting way to translate value from Steem directly into the real world.
I hope you enjoyed my guide to paying your bills with Steem.
Have an excellent day and Steem On! <3
Updated with payment proof from the other side.
Great review!
Well I guess we underestimated the power of the Steem community a bit. We were kind of hoping to do a bit of a sneaky soft-launch last night and let people know today :)
But that was a silly thing to try in a community that is designed to surface new and interesting content as soon as possible!
We'e glad that we can provide a small useful service for you all.
Thank you for your response, I hope I didn't cause a stampede on your servers! haha.
And small? perhaps for now, I see a lot of potential in the cryptosphere particularly in Steemit and think you made a very wise choice adding it. <3
I can vouch for this service too, it was beautiful being able to send straight from steemit to my bank account in minutes.
Thankyou @roomofsatoshi !
A few notes for new users :
@ausbitbank coming in with the goods again, you should be #1 witness soon 😄
Thank you for your input! it was rather glorious. <3 \o/
Thank you for the Bump and thank you for the explanation. I have several Friends Down Under and I am excited for them to be able to do this. Steem On!
Thanks for that info @ausbitbank I would hate to have a transaction all set up and then time out on me! I see it lets you even add your own bank if its not listed, pretty neat.:)
How does it transfer so fast (minutes)? Edit: Now I read in the screenshot that it takes up to 2 days.
Yes, 2 days is actually just the worst case scenario. The vast majority of payments arrive in your account the next business day.
Sorry I mean the transfer is confirmed with an e-mailed receipt and confirmation code, but it will take up to 2 business days for the Aussie bank end to clear the funds
Thanks for clarifying
So you can send directly to @roomofsatoshi from your SteemIT wallet?
Basically yeah, but in my test it was the changelly account you send to, guess they use their API and plugged it into their aud bank gateway
Thats good. No need to convert to BTC and use a wallet then. Hopefully more people get on the STEEM bandwagon and allow its use for other payments.
Any nation's bank? Does it still go thru bitcoin?
It's for Australian banks and BPay , no Bitcoin involved.
Very useful information. The more Steem can be used in the real world as a medium of exchange, the more valuable it will become.
+1 it's all about that adoption.
Amen!
Does it only do Steem or SBD too?
Only Steem, but you can convert SBD to Steem on the internal market or on bittrex and use it just as easily.
@mrwang
very informative post, ty for sharing
No problem, glad you found it useful.
wow...wonderful info...am happy to reach and get to know such that my stem is gaining more recognition. Keep it up mate...
Will do Sir. <3
Great post and very informative, I can def. use something like this. Thanks for sharing.
You are welcome. :) I hope it works out just as easily for you as it did for me.
Thank you @sammosk
Cool post! Upvoted!
Thank you!
You get a full power upvote friend. I'm not worth much sadly, but this was much needed information.
So needed that I cannot in good faith not resteem this.
Thank you for your support! I'm just happy that we can even do this now, dropping the barriers one by one.
Now if only it worked for us poor Americans....
I've got my bitpay card, but that's nowhere near as convenient.
Indeed, and the fees. D;
The fees hurt. Though they aren't more than an atm fee.