AdiShree Construction is the first Indian construction company to accept cryptocurrency as payment.
AdiShree Construction , an Indian construction firm, announced that it would accept cryptocurrency as payment for projects to push industry boundaries. With this move, Punjab-based AdiShree Construction became the first Turnkey Development company providing Interior Solutions in India to adopt such a payment solution.
Open up a digital cryptocurrency wallet.
The construction industry has set up a digital wallet to accept cryptocurrency payments. It accepts Dogecoin, Bitcoin, Ethereum, BUSD, DGT, ETH QA, and BNB as settlements for finished projects.
“With digital currencies becoming more popular, it’s something I have been thinking about for a while,” said managing director Aman Pratap, whose company specializes in high-end building and renovation work. There has happened a lot of conversations recently about cryptocurrency. It is something everybody wants to have as a payment choice for clients, and it will be a seamless process from start to end for anyone using this funding method. We’re a pretty innovative company, and this is another example of us constantly looking to take the firm forward and drive the business with the times.”
What are the reasons for businesses to accept bitcoin?
In the abstract, it’s great for a business to accept any payment method that banks and other vendors allow. When clients check out online, they usually see icons for several payment choices: Visa, Discover, American Express, PayPal, Mastercard, Amazon, and others, depending on the vendor. For bitcoin, exceptionally, the incentive of a lower transaction fee can be profitable. For example, for major credit cards, “Mastercard usually charges between 1.5% and 2.6% per transaction, while American Express imposes 2.5% to 3.5%. Discover, and Visa are about on par with Mastercard, charging 1.43% to 2.4%, and 1.56% to 2.3%, respectively.”
At least in their current forms, Cryptocurrencies seem to hold the upper hand in terms of transaction charges. “Cryptocurrency helps you to dodge all the annoying bank fees typically associated with financial transactions. Get away from transfer fees, overdraft fees, foreign transaction fees, and all extra fees that go along with daily bank business.
Cryptocurrency does impose a transaction fee in many cases, but it is rarely is above 0.5% and 1% of any given transaction. So in many cases, having a cryptocurrency account is entirely free.”
Moreover, including a bitcoin payment system in your online store could grow an even more significant investment over time.
Transaction fees do shift, meaning that if you’re out watching to buy a six-pack of soda and the bitcoin network is clogged, you might want to use dollars instead of bitcoin. But at less-congested times, bitcoin’s transaction fee can make it a compelling option for saving a vendor money.
Again, when the customer wants to use it, it is simply a brilliant business to use globally acknowledged currency to purchase goods and services.
Formed in 2017 by AdiShree Construction is one of the most forward-thinking companies in the sector in India. The new cryptocurrency offering comes after the business introduced a permanent Five-day working week initiative from the start of this month. This initiative lets all employees work compressed full-time hours Monday to Fridays, giving them Saturdays off, thereby enjoying a long weekend. However, there is no reduction in the total number of hours spent on a project each week. With this change, AdiShree hopes to boost employee wellbeing and bring about a work/life balance.
managing director Aman Pratap said: “When we talked to staff after the recent modifications that the Covid-19 pandemic had caused to our working lives, it became clear that people liked having that more time at home, either to catch up on house projects or to spend longer time with loved ones, So we listened and needed to make a lasting change to how we work and so far the feedback from the team has been very positive.”
Despite the ongoing debate, we can observe that Bitcoin and Cryptocurrency have left their footprint in the business world and made evolutionary changes to our everyday lives. As a result, more and more people are beginning to use it, praise it, and invest in it. And in India, AdiShree is ready to take cryptocurrency as a payment option for the projects. So don’t hesitate to contact us, thus grab this golden opportunity and start your beautiful work journey with us.
And if you need to know more about cryptocurrency, check out this blog, cryptocurrency with construction .