A Czech gas and energy company is launching a new investment platform that will work with cryptocurrencies, reported local news provider Hospodářské noviny. The firm is focusing on establishing a platform that facilitates the crowdfunding of energy projects. Participants can contribute towards the projects with Czech Koruna and Digital Assets as well. The aim is to attract the younger generation as expressed by Pavel Janeček, chairman of the board at Pražská plynárenská:

“We are trying to go to the young customers across the street, we do not want to be perceived as old dysfunctional moths.”

The company will introduce the payment options this June and according to the news, the firm didn’t plan to speculate with digital currencies hence if someone pays in crypto the whole amount will be converted into fiat currency at the rate of the payment. Right now there are over 42.000 customers that pay the company for its services with the local currency.

Adoption of these new payment methods should have a positive impact on the overall image of digital assets in the given market in our opinion. The Checz Republic so far supported cryptocurrencies in general, last August the Czech National Bank claimed that Bitcoin and other cryptocurrencies are not threatening the conventional banking system. The statement the bank released has instructed people to “Don’t be afraid of Bitcoin” as it is not a threat to fiat, which are still more suitable for everyday commercial use at the moment.