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Orocco becomes first UK construction company to accept cryptocurrency as payment

Orocco

Orocco, a Scottish construction firm has announced that it is accepting cryptocurrency as payment for projects as it continues to push industry boundaries. With this move, Edinburgh-based Orocco became the first building company in the UK to adopt such a payment solution.

Sets up digital crypto wallet

The construction firm has set up a digital wallet to accept cryptocurrency payments. It accepts Dogecoin, Bitcoin, Ethereum, Stellar, and XRP as settlements for completed projects.

“With digital currencies becoming increasingly popular, it’s something I have been thinking about for a while,” said managing director Mark Ivinson, whose company specialises in high-end building and renovation work. 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. There has been a lot of discussions recently about cryptocurrency. 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.”

Forward-thinking company

Formed in 2012 by Orocco is one of the most forward-thinking companies in the sector in the UK. The new cryptocurrency offering comes after the business introduced a permanent four-day working week initiative from the start of this month. This initiative lets all employees work compressed full-time hours Monday to Thursday, giving them Fridays off, thereby letting them enjoy a long weekend. However, there is no reduction in the total number of hours spent on a project each week. With this change, Orocco hopes to boost employee wellbeing and bring about a work/life balance.

Joint managing director Jonny Blurton said: “When we spoke to staff after the recent changes that the Covid-19 pandemic had brought to our working lives, it became clear that people enjoyed having that extra time at home, either to catch up on home projects or to spend more time with loved ones. We listened and wanted to make a permanent change to how we work and so far the feedback from staff has been very positive.”