Polyteck has announced that it will accept Bitcoin as a form of payment from its clients and suppliers.
The construction and FM firm says the move will “enable its clients to process faster payment transfers” as currently credit card and bank transfers are delayed by up to five days.
Polyteck has set up a fully auditable digital wallet which will accept Bitcoin and has the capability of accepting other Crypto currencies as the method becomes more widely adopted.
John Polycarpou, managing director, Polyteck, said: “As a progressive business, we are constantly looking at new ways of adding value to our clients, either through innovation in operations, or how we conduct our back office business activity.
“We believe that, by offering this facility to our clients, we can support the industry as it pushes for secure, reliable and faster ways of supply chain payment in an industry where payment speed is notoriously slow.”
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