Subsidiary Cornerstone Construction testing cryptocurrency payments to reduce fees and the potential for fraud or chargebacks
EL CAJON, CA / ACCESSWIRE / April 27, 2021 / Solar Integrated Roofing Corp. (OTC PINK: SIRC), an integrated solar power and rooftop installation company, announced today that it has selected Coinbase Commerce as its cryptocurrency partner and has completed the technical and financial integrations to begin testing the acceptance of cryptocurrency payments from Clients at its Cornerstone Construction subsidiary.
The recently acquired Cornerstone Construction is a licensed roofing contractor in South Carolina and has served thousands of customers since 2017 and won hundreds of 5-star ratings across the southeastern US with quality solutions for residential, commercial and solar projects. Roofing services include expert inspection, installation, repair and replacement as well as gutters, windows, siding and patios. The company designs and installs traditional solar and solar clapboard arrays that integrate seamlessly with new and existing roof systems.
The integration of a cryptocurrency payments integration enables Cornerstone to accept Bitcoin, Bitcoin Cash, DAI, Ethereum, Litecoin, and USD Coin for all customer purchases, including roof-top and solar projects, and related products and services.
“The adoption of cryptocurrency presents us with a significant opportunity to better serve a new, affluent customer base and participate in the growing cryptocurrency economy,” said David Massey, CEO of Solar Integrated Roofing Corporation. “As younger homeowners increasingly demand alternative payment options, Coinbase Commerce enables us. To accept cryptocurrencies as a means of payment and still receive US dollars as usual without having to hold cryptocurrencies.
“During this trial, Cornerstone will evaluate the cost savings from adopting cryptocurrency, including avoiding the high fees of traditional payment methods and reducing or eliminating issues related to fraudulent chargebacks or errors. This new purchase option will add an additional element of competition.” to our growth strategy and will be an important marketing highlight for our millennial customers. If successful, we expect to add this payment option to other subsidiaries in order to offer our customers and thus our shareholders and investors added value, “concluded Massey.
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About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC: SIRC) is a one-stop, integrated solar power and rooftop installation platform that specializes in commercial and residential real estate in the United States. The company’s wide range of solutions range from selling and installing solar energy systems, battery backup and charging stations for electric vehicles (EV) to roofing, HVAC and related electrical contracting work. For more information, please visit the company’s website at www.solarintegratedroofing.com.
All statements made in this press release that are not historical facts contain certain forward-looking statements; as that term is defined in the Private Security Litigation Reform Act of 1995 and affects potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release relates. Actual results on the specific points described in this press release, and the company’s business in general, could differ materially from those projected in such forward-looking statements. While such statements are based on the best estimates of the company’s management as of the date of this release, material differences in size, timing and other factors could result from business risks and uncertainties, including, but not limited to, the company’s dependence on third parties, general market and other factors Economic conditions, technical factors, the availability of debt capital, revenue, and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statements. This press release is not a general solicitation.
Investor Relations Contact:
Lucas A. Zimmermann
Senior Vice President
MZ North America
SOURCE: Solar Integrated Roof Corp.
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