Bitcoin Forum

Is this something anyone has done, are there any power companies which accept bitcoin as a form of payment for energy?
Are there any regulations which prevent such a thing in the US?

Would be interesting and obviously beneficial to a miner.

I'm not from US, but I don't see any barrier in this. They can obviously use a payment processor that accepts Bitcoin and delivers them fiat into their bank account. So for them, as merchant is not much of a difference imho.
But such companies are slow in keeping up with the news (at least in my country) and they may have a better deal with their actual payment processor (which they use for credit cards and such).

I looked at your thread and I'm curious and I decided to search google:

Bitcoin Users Can Now Pay Electricity Bills with Bitcoin in Japan (https://cointelegraph.com/news/bitcoin-users-can-now-pay-electricity-bills-with-bitcoin-in-japan)

it seems the Japanese are the lucky ones. wait in a few years


in countries where there are no clear regulations on cryptos, companies will not add that option

I am also not based in the US but I think there are still no companies that accept bitcoin as a form of payment. What I can understand is that you can actually convert your bitcoin to fiat first before them to accept it. As of now, the US government is not yet adapting this innovation because of lacking in knowledge about it.

No worries at all, US SEC is trying to ask blockchain specialists to help them gain knowledge about digital assets, of course, the blockchain and I think there's a big chance for your country to accept it as a form
of payment in the future.

I tried searching on google but it seems there is no company in the US(Bills) that accept bitcoin.
The only thing that comes to my mind if you are willing to pay bitcoin for the electricity bills you can use some 3rd party bitcoin debit/credit card where you can use to pay your bills through this card.
I think Bitpay will be one of the good options?


It seems not only Japan where you can pay Electricity bills with bitcoin also in the Philippines have this option https://coins.ph/online-bills-payment/
Coins.ph have this option to pay electricity bills in fiat or in bitcoin.

Just so people know, this isn't ALL power companies in Japan -- it's one power company that has plans in the works to accept bitcoin, I don't see anything to show that Bitcoin is live yet for them. Tad bit of fake news, but I don't think you meant to do it as cointelegraph obviously has a bias and they're showing it.

I don't see something like this happens unless people are going to be leaving their utility companies if they can't use bitcoin, which I count the odds on that as being slim to none -- as no one is just going to leave their utility company for this as they truly do need power, water, sewage, etc.

nobody should be using bitpay

Yes, mostly it's a click bait and the company actually isn't accepting bitcoins they're just using an intermediate payment processor. At the end of the day, they still getting fiat lol

Utility companies need us as much as we need them. If there is a market for you, then they should occupy it.

Canada has an option I was turned onto not long ago.

https://bylls.com/

They are obviously only acting as an intermediary in the cases of paying bills. It is convenient nonetheless, I used them for just a straight sale at the time. I don't think they do anything outside Canada unless you have a Canadian account or recipient. Given that this is available just north of the border, it's conceivable it's not to far off in the US, baring any legal reasons.

I currently reside in the USA and there's no such service AFAIK. Did some Googling and still nothing came up.

Your best option IMO is to convert BTC to fiat USD and pay your electrical bills that way. Does take some time, but it's how I've been doing it for quite some time now. Exchanges aren't too bad with verification now that demand's lowered for exchange registration, but P2P trading for BTC to fiat also works on sites like Paxful or Localbitcoins.

I mean-- eh.

At this point people arne't going to be picking a new utility company because their current one doesn't accept Bitcoin -- for one because you know, there aren't other utility companies for certain goods (Electricity, Natural Gas, etc) and also because utility companies offer other services which people find fine -- such as credit cards, bank withdrawals, checks, etc.