An energy supplying company from the Czech Republic has announced that it will start accepting cryptocurrency payments. At the moment the company is one of the largest energy suppliers from the Czech Republic, and it plans to introduce cryptocurrencies to the energy sector.
The company Pražská Plynárenská is one of the biggest suppliers of natural gas from the country with a portfolio of clients that goes over 400,000 homes and businesses. Besides that, the company offers electricity and heating services for it customers.
The CEO of the company Pavel Janecek stated that starting June, the company will open a bitcoin payment gateway for it customers. He added that in order to avoid bitcoin’s volatility and price speculation the money would be instantly converted into fiat.
“But if anyone wants to pay in an alternative way, we want to allow them to do that,” said Pavel Janeček.
The CEO of the company hinted that this is a strategical move that would encourage the younger generations to use their services. In the past years, the energy firm has been trying to reach the younger audience by creating rental programs for cars that are running on compressed natural gas.
“We are trying to reach out to the young customers,” added Janecek.
Recently 22 countries from the European Union (EU) have signed a declaration regarding the creation of a European Blockchain Partnership. Among the adherent countries is the Czech Republic. More and more companies from the country have started working on implementing crypto payments, and with the new EU alliance, the Czech Republic is taking its first steps into the blockchain development scene.