Deloitte Tests Remuneration of Its Staff Using Bitcoin
Brian Njuguna Sep 18, 2019 00:05
Deloitte one of the most reputable audit firms globally has shown plans of testing BTC payments on its staff for optimal adoption.
According to Luxembourg Times, Deloitte has tested the remuneration of its staff using BTC (Bitcoin) with the intention of mainstream adoption. Expressly, this audit company has established the option of limited BitPay for its workers.
Deloitte has been making considerable steps in the adoption of BTC payments. In 2017, this remuneration option was present in one of its Toronto workstations. Laurent Collet, a Deloitte advisor, has stipulated that cryptocurrencies, such as Bitcoin, are part of the new technological dispensation and it is crucial for them to be adopted even in the job market.
Collet notes:
“We think it’s good to have our employees assess this new technology.”
Stabilization of BTC Prices
The current BTC price of at least $10,000 has been instrumental in the stabilization of this cryptocurrency. This has provided more room for predictability, and this is the reason why firms, such as Deloitte are favoring BTC payments.
Additionally, the low transaction costs associated with BTC have made it favorable. For instance, the present transaction price stands at an average of $0.51.
The tests conducted by Deloitte will be small-scale and in-house. Notably, this company has been carrying out incredible research about digital coins and blockchain technology. This attribute can be depicted by the actuality that Deloitte comprises of an in-house blockchain group, as well as various research centers globally.
Deloitte's confidence in blockchain can be illustrated by the many applications it has tested using this technology.
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