ASAP Roofing and Building Ltd., a Scottish roofing company has unveiled that its client base, which includes pensioners, has been increasingly using Bitcoin (BTC) to pay for its services. The company started accepting crypto in 2020. Reportedly, the company now accepts multiple cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and XRP (XRP).
The Glasgow-based company is run by 20-year-old Kaeleb Mckay and his father Cameron. The firm specializes in the roofing of industrial, commercial, and domestic buildings. Apart from this, the company takes pride in traditional build maintenance and repairs. Kaeleb noted that they chose cryptocurrencies as a means of payment because they get paid quickly.
Despite being only 20-years-old, Kaeleb disclosed that been involved in the crypto space for years. According to him, he took a keen interest in crypto as early as 2014. Proving that BTC cuts across all age groups, Kaeleb said that he did a £500-repair in November last year for a pensioner that was well into her 60s. The surprising thing was that she wanted to pay in BTC.
Crypto adoption increases despite mounting concerns
Apart from the above case, the company has received crypto payments on multiple occasions. Kaeleb disclosed that just a few weeks ago, other elderly Brits wanted to pay in crypto with one man paying £180 in ETH for an emergency roof repair.
Although ASAP Roofing and Building Ltd. saw an opportunity and seized it, UK’s financial regulators are increasingly clamping down on crypto. For instance, the Financial Conduct Authority (FCA) cautioned UK citizens that they should be able to lose all their money if they invest in cryptocurrencies. Reiterating the concerns that global financial watchdogs have over cryptocurrencies, the FCA said cryptos are high-risk, speculative investments.
While ASAP Roofing and Building Ltd. has made headlines with its news of accepting BTC, it is not the first company in the field to embrace crypto. In January 2018, Elite Roofing, a roofing company based in Denver announced that it had started accepting BTC for its roofing services. At the time, Randy Brother, the company’s CEO, said cryptocurrencies like BTC are the way of the future.
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