Who is Coincheck?
Based out of Tokyo, Japan, Coincheck is a Bitcoin wallet and exchange platform that was founded by Koichiro Wada and Yusuke Otsuka. The exchange supports the trading of Bitcoin, Ethereum, fiat currencies, and a plethora of altcoins in Japan. In April 2018, the platform was acquired by Monex Group for 3.6 billion yen. In 2017, Coincheck was the largest exchange by trading volume in Asia.
Coincheck announced today, October 4th that it has signed a partnership agreement with one of the most well-known energy companies in Tokyo, E-net Systems, to dive directly into the gas distribution market within the Tokyo area. This agreement was named Coincheck Gas and is now available for users to be apart of.
According to an official announcement, there are two gas payment plans:
1. Bitcoin Rewards Plan
“Every month, the equivalent to 3 percent of the gas bill will be accumulated as Bitcoin in customers’ Coincheck Wallet. Those Tokyo Gas customers who are already receiving 3 percent to 6 percent discount for having a floor heating unit installed at home (or other reasons) do not need to change their gas billing plan. They are eligible under the current plan to receive Bitcoin that is equivalent to 3 percent of their gas bill.”
2. Bitcoin Payment Plan
“Customers who wish to pay gas bills in Bitcoin will have their bills discounted by 3 percent. Just like the Bitcoin Rewards Plan, those Tokyo Gas customers who are already receiving 3 percent to 6 percent discount for having the floor heating unit installed at home (or other reasons) are also eligible to have this additional 3% discount.”
This new initiative by Coincheck and E-net Systems will hopefully incentivize people to get more involved with cryptocurrency as they will be rewarded for simply using their services. This is a great step in the right direction for mass adoption as education is key to the success of blockchain technology.