It’s a (crypto) gas

Thomas Labenbacher lives and breathes hybrid banking, and when it comes to collecting stories from around the banking world, he’s a veritable magpie, so here’s the latest tale to catch his eye. Let’s visit the Czech Republic…

It’s a (crypto) gas

Czech energy and gas company Pražská plynárenská is establishing a new investment platform in the field of green and gas projects, allowing people to contribute in both Czech koruna and cryptocurrencies. In addition to crowdfunding in crypto, the company also accepts crypto as payment for their services. “We are trying to go to the young customers across the street, we do not want to be perceived as old dysfunctional moths,” said Pavel Janeček, chairman.

By June 2018 it is expected that digital currencies will be used for payment, and automatically converted into fiat currency. Janeček said, “We will not speculate on the development of crypto. But if someone wants to pay with an alternative, we want to make it possible.”

Commenting on this story for B52, Thomas Labenbacher adds:

“B52’s corporate cash management products including any assets and currencies and alternative, new financing services through tokenization enables large corporate and SME clients to access completely new ways of financing and managing assets and currencies efficiently.”

Clearly being an energy user and crypto-savvy in the Czech Republic is a gas!

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