Irish House-Building Firm To Accept Bitcoin

One of the northern Irelands homebuilders called Hagan Homes accepted digital currency Bitcoin. It has become the first firm of its kind to take such a step.

The worldwide payment system enables peer-to-peer transactions between users without an intermediary.

Jamesy Hagan, the managing director of the company said:

“Bitcoin is an innovative new payment method and essentially a new kind of money. It is very similar to a cash transaction. There has been a significant growth in the use of Bitcoin worldwide and our acceptance of this new channel reflects our willingness to respond to the market.”

In 2017 Hagan Homes recorded a turnover of more than £18 million, which was the second biggest year of home completions for the company during 30 years. A total of 207 homes across 15 sites in Northern Ireland were completed, an 8.4 per cent increase on the previous year.

Recently, the firm has started working on five new sites, while development activity at further sites in Dromore and Belfast at Frenchpark Street is scheduled to begin in the coming months.

Mr. Hagan pointed, that the international appeal of Northern Ireland is continuing to grow. There are increasing number of foreign investors establishing businesses in Northern Ireland. That means the number of people, who want to work or start their businesses in Northern Ireland is increasing.