For the very first time, the most massive homebuilders firm in Northern Ireland is ready to accept the cryptocurrency Bitcoin. The firm is known as Ballyclare-based Hagan Homes.
The payment system that allows a peer to peer transactions has emerged worldwide. Now one of the largest homebuilders in Northern Ireland is accepting Bitcoin.
Considerably, it is the first homebuilders firm to take a step towards Bitcoin payment. It also known as Ballyclare- based Hagan Homes.
James Hagan, the Managing director, said:
“Bitcoin is an innovative new payment method and essentially a new kind of money. It is very similar to a cash transaction. There has been significant growth in the use of Bitcoin worldwide, and acceptance of this new channel reflects our willingness to respond to the market”.
Hagan Homes noted 2016/17 as its second most significant year of home completions with a turnover of more than £ 18 million. This turnover marked a significant achievement since it was established almost 30 years back. However, in Northern Ireland a total number of homes were completed was 207 across 15 sites. And there was an 8% upsurge in the last year.
He added saying that the Northern Ireland’s international appeal is sustaining to enhance. As there are more of foreign investors forming their business in Northern Ireland.
He noticed the trials facing new currency
“Obviously, there are several risks using Bitcoin payment due to the cryptocurrency’s volatility. But buyers and sellers are finding creative ways to deal with these challenges. By incorporating the learning from our peers into our approach, we can embrace this innovation”.
Additionally, in the past few days before, Chris Murphy, the former Facebook executive is the owner of Packer Party House in Lambeau Field offers the house for sale. But, he wants the payments to be made in Bitcoin and Ethereum.