An employee from Trademark Renovations works on a home. The luxury renovations company will be accepting cryptocurrency payments from clients.

(Trademark Renovations/Facebook) Sarah Rieger has worked in digital media for 4 years, developing social media strategies for non-profit organisations and writing and editing online news. She joined CBC Calgary as an online journalist in 2017.

A Calgary renovation company could be the first general contractor in Canada to allow customers to pay with cryptocurrency.  “We are of the opinion that blockchain is the future,” said Blair Foisy, the owner of Trademark Renovations, in an interview on Saturday. The luxury renovations company will be accepting Bitcoin (BTC) and Ethereum (ETH) for customers that would rather pay with via blockchain than with the Canadian dollar.

Bitcoin and Ethereum are cryptocurrencies, decentralized digital methods of payment, that instead of operating through a central bank, track transactions through a public ledger called a blockchain.  A Bitcoin ATM sticker is posted to the window of a coffee shop in downtown Vancouver in 2013. (Jonathan Hayward/CP) Foisy said in his 30 years in business, he’s always tried to stay ahead of the trends, and this is no different.

He said that to his knowledge, Trademark will be the only Canadian general contractor to accept Bitcoin and Ethereum.  Other companies like KFC Canada, NewEgg, Expedia and Shopify have also experimented with accepting cryptocurrencies. “It’s still very early in the game, but in conversations with customers it’s kind of been the buzz … Read more from…

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