Cryptocurrency Used for Bill Payments in Romania
Romanian pro-blockchain energy supply company, Eva Energy has announced that it will now be accepting gas and electricity bill payments in multiple cryptocurrencies. C.O.S.S.PTE LTD – COSS – the Singaporean blockchain company has partnered with the energy company, providing the payment solution. Eva Energy aims to pioneer cryptocurrency adoption within the industry.
Eva Energy was founded by Austrian entrepreneur Cristian Hagmann, an expert in voltage networks, IT energy services, network automation research, and energy market analysis. Hagmann has over 20 years of business experience within the respective fields.
Hagmann commented: “In 2010, I was invited to a conference in Romania to speak about smart networks. 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,”
In 2015 Eva Energy started re-thinking its payment media, partnering with PayPoint to enable payments for its bills via terminals in convenience stores across Romania, effectively reducing fees. More recently the company launched ‘energy cards’ to introduce its customers to flexible payment methods.
By 2019, the company aims to cater gas and electricity to 300,000 customers, providing them with the option to pay their monthly bills in any cryptocurrency offered through the COSS payment gateway. According to its 5-year business plan, Eva Energy estimates to generate EUR 55.5 million as a result of geographical expansion and growth by establishing distributor networks and direct operation in selective markets. The company will also aim to raise EUR 5 million by issuing new products. Eva Energy also targets human resource investment and investment in assets to support its plans for growth and capitalization. For this purpose, the company will soon issue BITWATT, an energy trading platform and token.
COSS is currently supporting a broad range of cryptocurrencies on its exchange including BTC, ETH, LTC, DASH, XEM, LSK, PAY, BNT, SNM, VRS, ARK, TaaS, CVC. The COSS platform also continues to extend support for new coins on a regular basis.
Hagmann has joined the COSS advisory board as Corporate Strategy Advisor prior to the presale of COSS tokens. The tokens will be officially available for purchase from August 8, 2017, during the Token Swap (ICO). The two companies signed an MOU to seal their strategic partnership and to contribute to each other’s expansive development plans.