May 25, 2018 199By Nathan Bentley
“In June, we are opening a payment gateway, which will automatically transfer our bitcoin payments into regular currency, so that we don’t have to speculate with cryptocurrency. But if anyone wants to pay in an alternative way, we want to allow them to do that.”Read more from Bitcoin.com for yourself, here- https://news.bitcoin.com/czech-utility-company-introduces-crypto-payments/ This is very exciting. Foremost, 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. Imagine it this way… you buy $10,000.00 of Bitcoin for 1.34BTC, hypothetically speaking, this may pay your bills for 10 years (not mathematically correct, but this simply serves as an example). Imagine in a year’s time, Bitcoins value doubles, so your 1.34BTC is now worth $20,000.00. That’s another ten years of bills paid off right there. This is an investment opportunity, you don’t get with FIAT currency and thus, is something many Czech people may want to consider. Moreover, this can also give the wider Czech community a sense of Bitcoins potential, if anything it is a great marketing opportunity for Bitcoin to say the very least. Its great to see firms like Pražská Plynárenská jumping on board. Through this innovative and creative approach, their customer base now sits within a great advantage, in turn, this could provide Pražská Plynárenská many more customers. In essence, it’s a chain reaction that can only bring good things to those involved.