Flooring Hut, a forward-thinking UK online carpet and flooring retailer, has announced that it has invested in Bitcoin and is embracing the integration of digital assets into its financial reporting.
David Greaves, CTO at Flooring Hut, said: “There is opportunity with this strategic move to deliver greater value and lower prices online for our customers. Our customers are at the forefront of everything we do.”
Bitcoin, a decentralised digital currency, has gained significant traction in recent years as a secure and efficient method of conducting transactions. By accepting Bitcoin, Flooring Hut aims to cater to the growing number of customers who prefer this modern payment option, ensuring they have a variety of choices when purchasing products and services from their platform.
The next stage regarding cryptocurrency for Flooring Hut will be to integrate Bitcoin as a new payment option on its platform. This will enable customers to make purchases of carpet and flooring using the cryptocurrency. By embracing Bitcoin as a payment option, the company continues to push boundaries and enhance the shopping experience for its valued customers.
As a cutting-edge online retailer in the UK, Flooring Hut is committed to being at the forefront of technological advancements and adapting to the evolving financial landscape. In every area of their business Flooring Hut looks to develop and embrace technology delivering lower prices for customers by reducing costs.
“Our commitment to providing the best shopping experience for our customers is at the heart of this decision,” said Paul Brewster, CEO of Flooring Hut. “By accepting Bitcoin, we will empower our customers to transact securely and quickly, regardless of their geographic location, while also enjoying the advantages of lower transaction fees and increased privacy.”
As part of this initiative, Flooring Hut remains committed to complying with all relevant regulations and legal requirements, ensuring a transparent and legitimate operation for its retail and commercial customer base. This new integration is a testament to Flooring Hut’s dedication to staying at the forefront of e-commerce trends and technologies.
David added: “Our decision to include Bitcoin on our balance sheet exemplifies our commitment to embracing digital transformation and being at the forefront of technological innovation. We recognise the potential of cryptocurrencies and their impact on the future of finance.”
The company aims to set an example for other online retailers by taking a proactive approach to digital asset integration in financial reporting.
