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Kryptowaluta Verge announced on the social media the opportunity to make payment transactions in Australia via the Living Room of Satoshi platform (LRoS). This is another cryptocurrency through which users of this system can make payments.

Payment methods based on cryptocurrencies are becoming more and more popular in Australia, and more and more often are used in ordinary daily activities, such as paying gas bills, utilities, insurance premiums or paying off your credit card.

What is the Living Room of Satoshi?

System Living Room of Satoshi gives its users the option of choosing one of the following cryptocurrencies: Bitcoin, Ethereum, Litecoin, Dash, BHC ABC, Decred, Dogecoin, Ethereum Classic, Monero, Nem, OmiseGo, Rippe, PIVX, Zcash, and recently also Verge.

Founded in 2014, Living Room of Satoshi LRoS is not the only platform of its kind in Australia. A leading system so far Cointree exchange however, it is moving slowly to the past, and similar services are offered by a whole range of other platforms such as BitTrade, PayByCoins, Ivy Pay or Bit2Bill.

Neither of them, however, gives as much opportunity as the Living Room of Satoshi LRoS.

What makes Living Room of Satoshi different from the competition?

The simplicity of its service is a big advantage of the system. For example, the payment of a normal account is as follows: first, the user selects the cryptocurrency in which he will make payments. Next, it determines the form and method of payment (eg bank account or credit card) and introduces the data needed to make the payment. The last step is entering the e-mail address to verify the user, after which the payment is ready to be sent.

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Investments in OTC market instruments, including currency exchange rate (CFD) contracts, due to the use of the leverage mechanism, entail the possibility of incurring losses exceeding the value of the deposit. It is not possible to make a profit on transactions on OTC instruments, including currency exchange contracts (CFDs) without risking a loss, therefore contracts for exchange differences (CFDs) may not be suitable for all investors.

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