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.
James McClister is managing editor for Professional Remodeler.