Scottish construction firm Orocco has announced it is now accepting crypto currency as payment for projects as it continues to push industry boundaries.
The move comes as part of a revised business strategy and sees the Edinburgh-based firm become the first building company in the UK to adopt such a payment solution for client transactions.
A digital wallet has been set up to allow Orocco to accept Dogecoin, Bitcoin, Ethereum, Stellar and XRP as settlement 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.
"I do believe things will start to move in that direction and it’s exciting to be at the forefront of it in the construction sector, which is regarded as being very traditional.
"There has been a lot of discussion recently about crypto currency. 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."
Formed in 2012, Orocco has established itself as one of the country’s most forward-thinking companies in the sector.
The new crypto currency offering for clients comes after the business introduced a permanent four-day working week initiative from the start of this month.
All employees now work compressed full-time hours Monday to Thursday, giving them Fridays off and a longer weekend. For the client, there is no reduction in the total number of hours spent on a project each week.
By implementing the change, Orocco hopes to boost employee wellbeing as well as 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."
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
22/11/2024
SP Energy Networks has announced a major investment in Britain's electricity grid, selecting 19 preferred partners to deliver a £5.4bn supply chain programme. This significant initiative aims to meet increasing energy demand and facilitate future growth. The selected companies, many of which are ...
22/11/2024
Edinburgh City Council has launched a 12-week public consultation on a new strategy to revitalise Princes Street and the wider Waverley Valley. The vision aims to create a more vibrant and welcoming city centre, attracting investment, supporting businesses, and enhancing the visitor ...
22/11/2024
Ener-G Services Limited, a leading UK electrical engineering company specialising in renewables, marine, and offshore sectors, has expanded its operations in Westhill, Aberdeenshire. The company has leased Unit 6E at Kingshill Commercial Park, a 2,500 sq ft space, on a 5-year lease. This new ...
22/11/2024
A consortium of leading scientists, industry experts, and academic institutions has joined forces to accelerate Scotland's offshore wind sector. The £2.5 million project, led by the University of Edinburgh in collaboration with the University of Dundee and the Forth and Tay Offshore cluster (FTO), ...
22/11/2024
The Port of Aberdeen and Turner & Townsend were highly commended in the 'Engineering, Construction & Infrastructure Project of the Year' category at the APM Project Management Awards 2024. The award recognises excellence in project management and the positive impact on end-users. The £420 million ...
22/11/2024
South Lanarkshire Council's £10 million fire safety improvement programme has reached a significant milestone, with CCG (Scotland) completing installations in over 1,700 high-rise residences across East Kilbride and Cambuslang. The Glasgow-based construction firm has been working closely with the ...
22/11/2024
SSEN Transmission, a key player in the UK's energy transition, is set to further expand its workforce and move into a new, sustainable office space in Glasgow. The company's commitment to net zero and the increasing demand for green energy workers has led to significant growth, with the number of ...
22/11/2024
Scottish Water is investing in the upgrade of its Loch Eck clean water plant in Dunoon. The project involves replacing outdated dry well pumps with new, more reliable pumps capable of operating in both wet and dry conditions. WGM Engineering, an RSK Group company, has been tasked with carrying out ...
22/11/2024
Scottish Land & Estates has expressed serious concerns over the Scottish Government's Land Reform Bill, particularly the provisions that would allow ministers to force landowners to sell large estates in lots. Sarah-Jane Laing, the organisation's chief executive, stated that while the land-based ...
22/11/2024
Clark Contracts employees have once again shown their commitment to community engagement by volunteering at Silverburn Park in Leven. On Thursday, 21st November, 16 members of the team spent their day planting over 400 trees and carrying out other landscaping tasks. This latest volunteering effort ...