Austria’s Energy Company Switch First To Take Bitcoin Payments

Austria’s Energy Company Switch First To Take Bitcoin Payments

Austrian and German energy provider Switch has begun accepting Bitcoin for gas and electricity bill payments. In a press release and Facebook post Wednesday, Switch, which is wholly owned by EnergieAllianz Austria, said the move marked a first for Austrian energy customers. “With the introduction of cryptocurrency Bitcoin as a payment method in Austria we’re aiming to cater principally to digitally-aware customers and other interested parties,” CEO Christoph Schmidt said in the accompanying release. Billing literature can now also be issued in Bitcoin for those opting to use it for....


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Quotes

The early days of the internet was like this scary thing, all gambling, and porn and you couldn't even transact on there. And then nice walled gardens came along and made everyone quite comfortable with it, which may be like banks and financial institutions are doing now. But it kind of misses the point. The idea of the web and the internet is supposed to be open to everyone.

Paul Gordon, CEO of Quantave