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Calgary contractor adopts cryptocurrency payments

JOC News Service
Calgary contractor adopts cryptocurrency payments

CALGARY, ALTA. — A Calgary contractor is going crypto.

Luxury renovations contractor Trademark Renovations is the first general contractor in Canada to accept payments in both Bitcoin and Ethereum for renovation and custom build projects.

In a release, the company stated that using the cryptocurrencies would “level the playing field” since they are not tied to any fiat currency. Further, peer to peer transactions will “eliminate many middlemen and related mark ups, thus greatly impacting the price of goods and materials,” the release said.

“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 Renovations owner Blair Foisy said in a statement.  

The release cited major companies such as Microsoft, Samsung, IBM, Expedia, Kodak, Dell and Tesla as early adopters of the technology and said cryptocurrencies will also benefit other industries.

“Cryptocurrencies are relatively new to some, but we at Trademark Renovations encourage the support of new technologies. 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,” Foisy said.

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