Homeowners in Adelaide can now pay using digital currency, instead of cash, to install solar systems and batteries.
South Australian solar energy company, Go4Solar, has made the move from cash to Qoin (Eds; pronounced ‘coin’), the Australian-based digital currency.
Founded by former industrial designer, Garth James, in 2010, Go4Solar has to-date completed 1,400 residential and commercial solar system installs throughout greater Adelaide and South Australia. Some of Go4Solar’s commercial clients include Southernvale Christian College, Gateway Baptist Church and The Loxton Club.
“I saw Qoin as a good option to expand my business and utilise it as a new currency,” Mr James said.
“After hearing about other digital currencies, I wanted to get in on Qoin while it’s still small and see if it can grow.”
“Since joining Qoin, the value has doubled already, which is great. If Qoin generates more business for us where we can trade in Qoin, it opens another door for us in terms of turnover in the business,” he said.
With two installation teams, Go4Solar services residential clients within a 50-kilometre radius of Adelaide and provides commercial solutions throughout South Australia.
“We do everything in-house, from the first contact with the client, right through to the final installation, and then ongoing monitoring of their systems,” Mr James shared.
“We’re accepting Qoin from residential clients initially, and we’re open to doing business on Qoin with commercial clients in the future.”
In the last 11 months, more than 23,000 Australian small businesses have joined Qoin, the newest digital currency.
Built on blockchain, Qoin offers merchants and consumers an innovative and secure alternative to connect and interact.
Qoin Australia Chief Marketing Officer, Andrew Barker, said that merchants and consumers are becoming more aware of the concept of digital currency.
“Global trends indicate that digital currency is the future way to conduct business,” he said.
“Supporting small business is the cornerstone of Qoin. The Qoin model stands apart from other digital currencies in that the value of Qoin increases as the merchant ecosystem grows. The more businesses that join the Qoin community, the more everyone benefits, providing a vital boost to local economies.”
Mr Barker said that now, more than ever, Australian small businesses are looking for innovative ways to sustain cashflow and make the most of their downtime.
“Qoin enables them to do both while offering a payment method to their customers that is fast, secure and virtually contactless,” he explained.
“Qoin has had huge take-up in Australia with more than 23,000 validated merchants joining the Qoin community in the first 11 months. With Qoin now launched in New Zealand and further global expansion planned in 2021, Qoin is confident that this success can be replicated in other countries.”