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Czech Republic’s Largest Utility Company Will Accept Cryptocurrency Payments

European nations these days have been in the news for quite some time for their large number of cryptocurrency and blockchain adoptions and collaborations. With crypto friendly moves from Malta and Norway already, now it seems a firm from the Czech Republic want in, in a move that could very well put cryptocurrency adoption on the agenda of Czech authorities.

Pražská Plynárenská, one of the biggest energy companies in the Czech Republic has announced to the public that it has plans to begin allowing cryptocurrency from its clients.

Pražská Plynárenská supplies around 420,000 homes with gas and electricity making them quite a large supplier within the Czech energy economy. Moreover, they also have plans to expand into telecommunications and IT services.

The management stated that the bitcoin payment service should be operational as early as next month. The company is about to join a growing number of Czech businesses processing cryptocurrency payments by introducing them to the energy sector.

This is very exciting. This could give 420,000 new homes access to cryptocurrency. It could in turn encourage bill payers to invest, on the premise that due to the investment potential of Bitcoin, they may get better value for money on their bills.

Pavel Janecek, CEO of Pražská Plynárenská has said:

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