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Remodeler Cashes In On Alternative Payments

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Financials

Remodeler Cashes In On Alternative Payments

A Baltimore-based remodeler is trying to take advantage of convenient, mobile payment options


By By James F. McClister February 22, 2018
This article first appeared in the February 2018 issue of Pro Remodeler.

In a move that is so “2018,” Baltimore-based home improvement startup EFynch recently introduced a new payment system, in which it would expand payment options for clients to include Bitcoin, Venmo, Apple Pay, and Pay with Google. All of these tech-based systems are growing in popularity, and together they represent billions in annual spending. In 2016, Venmo by itself processed $17.6 billion in mobile payments. And early last year, the global cryptocurrency market (dominated by Bitcoin) was valued at over $300 billion, though fluctuations in that market currently make it a risky bet. 


written by

James F. McClister

James McClister is managing editor for Professional Remodeler.


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