Deloitte accepts Bitcoin payment in its Canteen

0
deloitte using bitcoin for payment

Big Four auditing company Deloitte is currently allowing its staff to pay for food in the canteen using Bitcoin (BTC).

Partner at the arm of the firm Laurent Collet commented on the project:

“We think it’s excellent to have our employees analyze this new technology”

Just an internal test
Nevertheless, Collet also noted that there are not any plans to permit clients to pay in Bitcoin in the not too distant future. Worth noting, PwC Luxembourg, another Big Four firm, will start accepting Bitcoin payments from Oct. 1.

Blockchain not Bitcoin
Collet explained that Deloitte’s priority is to use blockchain in its fund management activities to process trades, not making payments in Bitcoin. The rationale being that transferring funds would speed up the process, make audits simpler while eliminating middlemen. He concluded:

“This is where we focus our attention at the moment in linking this new technology with the requirements of the Luxembourg industry.”

As Cointelegraph reported yesterday, an economist from the Bank for International Settlements has also proposed new means of supervising financial risks through distributed ledger technology.

LEAVE A REPLY

Please enter your comment!
Please enter your name here