Istrian Communal Company Becomes First to Accept Cryptocurrencies!

By 10 November 2021

November the 10th, 2021 - One Istrian communal company from Buzet is more than ready to delve deeper into the more digital age we live in by accepting cryptocurrency payments.

A more digital future is rapidly approaching, and the ongoing coronavirus pandemic has forced the world to step up its game in that regard, Croatia in particular. While many laughed or scratched their heads at the advent of Bitcoin several years ago, plus all of the cryptocurrencies which have appeared since, some are busy adapting.

As Poslovni Dnevnik writes, when it comes to the future, one Istrian communal company, Istarski vodovod from Buzet, is more than ready. This utility company supplies vital, or at least the most important liquid to a large part of Istria, including tourist destinations such as Rovinj, Porec and Umag, which includes a large number of homeowners from other countries.

Those to whom decentralised money sounds appealing will be happy as this Istrian communal company has introduced the possibility of payment in cryptocurrency, becoming the very first Croatian utility company that allows users to pay their bills in this manner.

''We want to adapt to all modern methods of payment, and in the case of cryptocurrencies, we want to be partially ahead of our time. With the new services and possibilities, we will make it easier and faster for our consumers/customers to settle their monthly bills for their water services, especially for those who need to settle their obligations from abroad. We aren't going to stop there either because our intention over the next period is to digitise and simplify the process of applying for a new water connection so that most procedures can be performed via a web application without unnecessary paperwork and visits to our business units,'' said Mladen Nezic, the director of this Istrian communal company.

This means that when it comes to accessing water from the Istrian waterworks, you can pay with the usual credit and debit cards, mobile digital wallets Aircash and KEKS pay as well as cryptocurrencies such as Bitcoin, Ripple, EOS, Stellar, Bitcoin cash and Ethereum.

For more, make sure to check out our dedicated business section.