Last week, Romanian energy supply business EVA Energy revealed a partnership with Singaporean Ethereum-based blockchain company C.O.S.S.PTE LDT (COSS) to enable payments for gas and electricity bills to be made in virtual currency, including Ether (ETH), in the Black Sea-bordering country.
According to the announcement, EVA Energy recently empowered its roughly 70 thousand customers to utilize ulterior methods of payment with "energy cards." This follows the 2015 success that the company saw when it partnered with PayPoint to set up a network of convenient store terminals throughout Romania. EVA also provides payment portals through Payzone, Zebra Pay, and "one-two Payments Center," as per its website.
Christian Hagmann, CEO of EVA Energy, has been looking into improvement solutions for energy systems for many years. He has a 20-year background in IT and founded the company in 2012 after attending a Romanian conference.
"In 2010, I was invited to a conference in Romania to speak about smart networks," said Hagmann. "Back then we were catering IT energy services and network automation research. We conducted the energy market analysis in Romania and discovered that the demand for smart metering was strong, that's how Eva Energy was founded. To enhance its development, we applied an innovative approach to portfolio structuring, and were the first ones who tried it in Romania."
Additional currencies to be accepted aside from ETH include, BTC, LTC, DASH, XEM, LSK, PAY, BNT, SNM, VRS, ARK, TaaS, and CVC. According to the report, EVA Energy will attempt to cater to the gas and electricity services needs of 300 thousand customers by 2019. Payments for these services will be enabled through the COSS payment gateway.
As COSS' website describes it, the payment gateway provides merchants a number of innovative tools to manage payments that include flexibility with multiple currencies, exchange rate integration, easy know-your-business acceptance for new-coming entities, and simple plug and play scripts to make quick platform-agnostic synergy.
The partnership between these companies is just another example of the mass adoption of Ethereum and other cryptocurrencies, as Romanian consumers can now make use of these alternative means of paying utility bills.