Cryptocurrency Payments Coming Soon For This Croatian Town

Lauren Simmonds

Fancy paying your communal fees with bitcoins?

The modern age is advancing, at least technologically speaking, at an incredible rate. With more and more duties formerly performed by humans being carried out by machines, the speed at which we’re moving forward is equally impressive and alarming to many. Could paper money and even card transactions become a thing of the past before long? Maybe!

As Poslovni Dnevnik writes on the 6th of November, 2017, one Eastern Croatian town is embracing the modern era and indeed the future with open arms as payment with cryptocurrency is about to be made possible for its citizens.

The City of Osijek is serious in its intention to identify itself as a friendly environment for the IT society. In one concrete move, they’ve opened the doors for a completely new possibility – the City of Osijek is on the verge of introducing the possibility of paying for communal fees with none other than cryptocurrency.

Cryptocurrency is the name for any form of digital money, with the bitcoin being undoubtedly the most well known at the moment, but the bitcoin is far from being the only digital currency in circulation. The subject in itself is talked about quite frequently by the media, but remains largely misunderstood or simply unknown by many.

”The city has contacted a private IT company headquartered in our city that is ready, as a pilot project, to create a payment model for cryptocurrency [payment] services. As a city, we want to show that we’re not scared of new trends, we’ve accepted this initiative and we’re actively participating in it,” stated David Krmpotić, Head of the Finance and Public Procurement Department.

”In a technical sense, the idea is to create a mobile application that will mean making just one or two “clicks” to send payments or make conversions from the cryptocurrency to Croatian currency. On the City of Osijek’s account, through the domestic IBAN, payments will be made in kuna,” explains Igor Galir, an IT consultant.

Could Osijek, an otherwise largely overlooked Croatian city, be on its way to becoming among the most modern?


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