With bitcoin transaction fees drastically reduced to just fractions of the dollar and transaction confirmation times returning to faster speeds, firms have started taking advantage of the benefits of bitcoin payment methods once again.
Trademark Renovations Ltd. Accepts Bitcoin and Ethereum
The Canadian firm Trademark Renovations Limited, is an innovative, multi-award-winning firm. The Calgary luxury renovations contractor offers a number of services including high-quality full home renovations, room-specific renovations such as basement developments, as well as customized home builds.
In line with the company’s forward-thinking spirit and working according to the latest business trends, Trademark Renovations will start accepting bitcoin and ether as a payment method for its projects with effect from March 1, 2018.
Founder of Trademark Renovations, Blair Foisy, expressed his excitement over this new development. In his words:
“I am excited to bring Bitcoin and Ethereum as new payment options to our customers. We believe that blockchain technology and cryptocurrencies will become an important part of everyday transactions for consumers and are happy to be able to offer this new payment alternative for our services to the Calgary public.”
Trademark Renovation has always been at the frontline of innovation in the construction industry, the same way Canada is emerging as one of the nations leading the cryptocurrency revolution.
Trademark is proud to be the first renovation and custom build contractor to join the blockchain technology and bitcoin spacecraft to the moon, just like other ‘big whales’ including IBM and a host of others.
In related news, another construction firm across the Atlantic is also looking to incorporate the power of cryptocurrencies. On February 22, 2018, The Belfast Telegraph reported that another large house building firm in Northern Ireland would also mimic the trend.
The owner of the Ballyclare-based firm Jamesy Hagan iterated similar sentiments to Foisey:
“There are an increasing number of international investors establishing businesses in Northern Ireland and subsequently this means that the number of people wanting to live, work or invest in Northern Ireland is increasing.”
As well as catering to an international market, Blair Foisy also sees bitcoin and ethereum integration helping to level the monetary playing field since both cryptocurrencies are not directly tied to any fiat currency.
Blair Foisy explained that “The decision to start accepting Bitcoin and Ethereum is also indicative that they and other established cryptocurrencies have now developed into more broadly accepted forms of settlement.”
Once the mainstream adopts digital currencies, it will eliminate the wild price fluctuations of building materials and logistics caused by the constant changes of fiat currency exchange rates like USD to CAD for example. Also, the decentralized and peer-to-peer nature of bitcoin and the ether would help eliminate many third parties and related markups, thereby drastically reducing the price of goods and materials.
The adoption of virtual currencies will enable early adopters to become more competitive due to their ability to render services or sell products to clients at lower rates and offer customers flexible, faster and cost-efficient payment methods. These features are all coupled with the increasing adoption of SegWit and the impending introduction of the Lightning Network.
An additional advantage to leveraging digital currencies comes from the technology underpinning them. The security and efficiency of blockchain technology that facilitate industry and trade between countries and consumers are not left out of the win-win scenario.
Blair Foisy reiterated that:
“I believe that the Blockchain and cryptocurrency revolution will positively affect all people and every industry including ours – and this is what we are doing right here in Calgary.”
This new innovative milestone reached by Trademark renovations is a giant leap in the right direction and is expected to boost the firm’s business in massive proportions.