Deloitte and NYDIG Forms Alliance to Popularize Bitcoin

Big 4 auditing firm Deloitte has formed a strategic alliance with NYDIG as both seek to make Bitcoin (BTC) a more accessible digital currency for all.

As announced by Deloitte, the alliance will make it easy for companies, irrespective of their sizes, to integrate Bitcoin services, riding on the infrastructural capabilities of NYDIG.

Companies that utilize the onboarding route this alliance will offer will largely be able to leverage the consulting and professional services being provided by Deloitte. The partnership will see NYDIG utilize “Deloitte’s blockchain and digital assets practise across multiple areas involving bitcoin products, such as banking, consumer loyalty, and rewards programs, employee benefits, and more.”

Deloitte is one of the biggest accounting firms with concerted efforts to drive Bitcoin and blockchain adoption across the board.

Despite the current bearish outlook of the digital currency ecosystem, there has been a growing popularity of cryptocurrencies, particularly Bitcoin. Alliances like this can bring more people to benefit from its decentralization power. According to Deloitte, the coalition will be the most active in cases where compliance is important regarding embracing 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 standards of regulatory compliance,” said Yan Zhao, President of NYDIG, adding that “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 that accept cryptocurrencies is increasing by the day and digital currency holders arguably needed an environment to spend their acquired coins. The coming together of NYDIG and Deloitte solves this immediate challenge and will ultimately empower businesses to be a part of the evolution of the nascent virtual currency ecosystem.

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