Bitcoin has relished massive popularity in recent years. This is why Innovative Home Concepts introduces the ability to pay for exterior home improvement services with this popular virtual currency. So, apart from the current payment methods such as PayPal, Visa, and MasterCard, our esteemed clients can also pay with Bitcoin. We have decided to accept Bitcoin as a more convenient, secure and faster payment method. Our clients in Chicago, Northern Illinois, and Southern Wisconsin can now start paying with Bitcoin for the work that we do. “At Innovative we pride ourselves on offering cutting edge products and home improvement technology, that is why Bitcoin as a payment method just makes sense. Peer to peer, trust-less, decentralized payment methods are the future and we want to be a part of it”, says Rhett Wilborn, President of Innovative.
What Is Bitcoin?
Bitcoin is a peer-to-peer “cryptocurrency” system that is not only decentralized but also designed to allow internet users to process their online transactions by using digital units of exchange referred to as Bitcoins. Since its debut in 2009, the virtual currency has generated a lot of interest as an alternative to government fiat currencies such as the Euro, the U.S. dollar or commodity currencies such as gold or silver coins.
When bitcoins users process transactions, the payments are processed through a secluded network that connects different computers sharing a single program. Each Bitcoin transaction is concurrently recorded in a ledger commonly known as “blockchain” on each of the computers in order to update all accounts.
Bitcoins can either be purchased with standard national money currency or be “mined” by a computer through a complex process of solving sophisticated mathematical algorithms. The Bitcoins are then placed in an encrypted “Bitcoin Wallet” and accessed through a computer or smartphone.
Advantages of Paying with Bitcoin
Unless you choose to publish your Bitcoin transactions voluntarily, they will all be discrete. Meaning, if you don’t want someone else to know that you paid for home improvement services on a certain property, your best payment method option is paying with Bitcoins. Much like cash-only transactions, it’s not possible to accurately trace Bitcoin transactions to a particular customer.
This is because the unidentified address that is generated for Bitcoin users, whenever they make payments is different in each transaction. Clearly, a contractor that accepts Bitcoin allows you the anonymity that most people would prefer when making online payments.
•Low Transaction Fees
Most payment methods such as wire transfers involve exchange costs and fees. Since Bitcoin doesn’t involve governments or third-party intermediaries, the transaction fee is very low. In addition, Bitcoin transfers are processed very quickly, which eliminates the typical authorization requirements, inconveniences, and wait periods associated with other payment methods.
•No Third-party Interruptions
Banks, financial institutions, and governments cannot freeze Bitcoin accounts or interrupt transactions. This is one of the most publicized benefits of paying with Bitcoin. When you are satisfied with the home improvement services, you can enjoy a greater degree of freedom by paying with Bitcoin as compared to paying with national currencies. Moreover, sales taxes are not added to Bitcoin purchases.
You can make Bitcoin payments from the comfort of your home or office provided you have stable internet connection on your device. In other words, location and time of making Bitcoin payments are not a limitation. With Bitcoin, you don’t have to visit a bank in your locality to pay for our services.
Transacting through bitcoins has some inherent benefits that users of other currencies do not enjoy. Bitcoin has proven to have some unique possibilities for businesses and their customers. Regardless of the services you need, if you have access to Bitcoins you can simply pay for the services through this reliable payment method.
Ready to Get Started with your Next Exterior Renovation Project? Give us a Call at (815)356-9020 to set up a Free Consultation and Price Quote Today! Get the home of your dreams and pay for it with Bitcoin.