Scottish roofing company ASAP accepts crypto payments

ASAP Roofing and Building Ltd., a Scottish roofing company, has revealed that its customer base, including retirees, is increasingly using Bitcoin (BTC) to pay for its services. The company started accepting crypto in 2020. The company now reportedly accepts multiple cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and XRP (XRP).

The Glasgow-based company is run by 20-year-old Kaeleb Mckay and his father Cameron. The company specializes in the roofing of industrial, commercial and domestic buildings. Apart from this, the company prides itself on traditional maintenance and repairs. Kaeleb noted that they chose cryptocurrencies as a means of payment because they get paid quickly.

Are you looking for quick news, hot tips and market analysis?

Sign up today for the Invezz newsletter.

Despite being only 20 years old, Kaeleb revealed that he had been involved in the crypto space for years. According to him, he already had a great interest in crypto in 2014. Proving that BTC cuts across all age groups, Kaeleb said he made a £500 repair last November for a retiree well into his sixties. The surprising thing was that she wanted to pay in BTC.

Crypto Adoption Rising Despite Growing Concerns

Apart from the above case, the company has received crypto payments several times. Kaeleb revealed that just a few weeks ago, other elderly Britons wanted to pay in crypto, while a man paid £180 in ETH for an emergency roof repair.

Although ASAP Roofing and Building Ltd. saw an opportunity and seized it, UK financial regulators are increasingly clamping down on crypto. For example, the Financial Conduct Authority (FCA) warned UK citizens that they should be able to lose all their money if they invest in cryptocurrencies. Reiterating the concerns global financial watchdogs have about cryptocurrencies, the FCA said cryptos are high-risk speculative investments.

Although ASAP Roofing and Building Ltd. has made headlines with its news of accepting BTC, it is not the first company in the field to embrace crypto. In January 2018, Elite Roofing, a roofing company based in Denver announced that it had come to accept BTC for its roofing services. At the time, Randy Brother, the company’s CEO, said that cryptocurrencies like BTC are the way of the future.

Invest in crypto, stocks, ETFs and more in minutes with our favorite broker,



67% of retail CFD accounts are losing money

Comments are closed.