Deloitte, a Big 4 auditing firm, has struck a strategic alliance with NYDIG to make Bitcoin (BTC) a more accessible digital currency for all.
According to Deloitte, the agreement will make it simple for businesses of all sizes to integrate Bitcoin services by leveraging NYDIG’s infrastructure.
Companies that use the onboarding path offered by this collaboration will mostly be able to benefit from Deloitte’s consulting and professional services. NYDIG will use “Deloitte’s blockchain and digital assets practice across several domains involving bitcoin products, such as banking, consumer loyalty and rewards programs, employee benefits, and more” as part of the agreement.
Deloitte is a large accountancy firm that has made a concentrated effort to increase Bitcoin and blockchain adoption across the board.
Despite the present bearish outlook for the digital currency ecosystem, cryptocurrencies, particularly Bitcoin, have grown in popularity. Alliances like this one can let more people benefit from the potential of decentralization. According to Deloitte, the coalition would be especially active in areas where compliance is critical in the use of digital currencies.
“We envision a world where traditional financial infrastructure works alongside digital asset infrastructure to deliver clients a best-in-class experience with the highest regulatory compliance,” said Yan Zhao, President of NYDIG, adding, “We’ve already started the journey of bringing Bitcoin to all by embedding bitcoin wallets into existing user experiences, powering bitcoin rewards programs, and enabling bitcoin-secured lending.”
The number of businesses accepting cryptocurrencies is growing by the day, and digital currency holders may have required a place to spend their newly obtained coins. The collaboration of NYDIG and Deloitte addresses this urgent issue while also empowering enterprises to participate in the evolution of the budding virtual currency ecosystem.