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Africa Housing News > Blog > Construction News > Contractor Accepts Cryptocurrency Payments for Projects
Construction NewsNews

Contractor Accepts Cryptocurrency Payments for Projects

Fesadeb
Last updated: 2021/05/24 at 4:36 PM
Fesadeb Published May 24, 2021
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By Akanimo Sampson


Cryptocurrency appears to be inching into relevance in the day to day economic transactions around the world.


Business owners have started to accept being paid with the currency.
In the construction sector, a Scottish contractor Orocco is currently accepting crypto currency as payment for projects.


Construction Enquirer reports that the firm has set up a digital wallet to accept Dogecoin, Bitcoin, Ethereum, Stellar and XRP as settlement for completed projects.


Managing director Mark Ivinson said: “With digital currencies becoming increasingly popular, it’s something I have been thinking about for a while.


“I have spent some time researching what we could provide and I’m delighted we’ll now have this fast, safe and secure service as part of our offering to clients.


“I do believe things will start to move in that direction and it’s exciting to be at the forefront of it in the construction sector, which is regarded as being very traditional.


”There has been a lot of discussion recently about crypto currency. It is something I wanted to have as a payment option for clients and it will be a seamless process from start to finish for anyone using this method of paying.


“We’re a very innovative company and this is another example of us always looking to take the firm forward and move the business with the times.”

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Fesadeb May 24, 2021 May 24, 2021
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