Living Room of Satoshi (Paying Bill) - Review

[dwongch]

Website: https://www.livingroomofsatoshi.com/

Living Room of Satoshi is an Australian cryptocurrency website where you can pay your bills with Cryptocurrency instead of FIAT currency.

So, my RAC bill is about $482.58 and I typed that into LROS. It requires 1.4148 Ethereum.

Mind you, a few days ago I bought Ethereum on Tuesday (19/9) hoping the value would go up. I bought Ethereum at Coinspot. Bought $500 worth of Ethereum which was about 1.26611127 ETH.

So, my Ethereum is worth at Coinspot, just under $500.

BTC Markets Ethereum is worth

LROS requires 1.4148 ETH ??? I wondered how LROS make their money. On their website, it stated they make their money through currency spread.

Snapshot of the API rates:

LROS offer other cryptocurrencies to pay other than Ethereum.

1.4148 ETH worth $540??? My bill is $482.58. The currency spread is too much.

Conclusion: In the end, I couldn't pay in Ethereum. The value wasn't there yet and was a bit short. The only way to pay is if your cryptocurrency value has increased a fair bit where you bought Ethereum at a cheaper rate. Will need to wait for my Ethereum value to increase, not less than a week due to volatile in the cryptocurrency market. Will revisit and try again with this service once my Ethereum matures. Now, gotta pay my bill in FIAT currency.

Comments

[dwongch]

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BTC: 1D2KC3GU1B7kAuqiNq3RuovMDj1V2uCUHF
ETH: 0xfc7435ab61cf6c0360738565c9dbaf24cbbc3b40
DASH: Xw9vGqPhPLKSHgkukBvAKn1X6JUDufXmj4
LTC: LUxL9n6UYDtbFwwttEm8kJmNLCiKChHMni

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Thanks =)

[nightgirl]

for sharing good information

[yeahnah]

Cheers for the info mate :)