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'Big Four' auditing firm Deloitte lets employees pay canteen food in bitcoin in a trial run

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Wed, 18 Sep 2019, 03:41 am UTC

“Big Four” consulting giant Deloitte is now conducting a trial for a mobile Bitcoin wallet by allowing its employees to buy food in bitcoin, according to Luxembourg Times.

Specifically, the test will allow staff to use bitcoin for their payments in the company canteen “to see how the audit giant could use the cryptocurrency,” the report noted.

We think it’s good to have our employees assess this new technology,” Laurent Collet, a partner at Deloitte’s advisory arm, said.

However, he made clear that the move was only an internal test as catering to micropayments and accepting bitcoin as a form of payment are not Deloitte’s priorities. Instead, Collet pointed out that the firm plans to use blockchain to facilitate transactions related to its fund management services as it can hasten the process of fund transfer, make audits easier, and eliminate middlemen.

This is where we focus our attention right now in linking this new technology with the needs of the Luxembourg industry,” he stressed.

Last month, the auditing firm also introduced a new mobile demo platform for blockchain-based prototyped solutions, called “Blockchain in a Box” (BIAB). This is a mobile, self-contained technology platform intended to provide intuitive, tangible blockchain demonstrations and experimentations.

Meanwhile, another “Big Four” consulting company, PwC’s Luxembourg branch, announced that it will start accepting Bitcoin payments from Oct. 1, in a bid to accommodate the growing demand from clients and to support blockchain’s “medium to long-term” role in the economy.

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