Deloitte Tests Remuneration of Its Staff Using Bitcoin

By Brian Njuguna   Sep 18, 2019 1 Min Read


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. 

About the author

Brian Njuguna
He is an accomplished corporate writer and entrepreneur based in Nairobi, Kenya. He holds a Bachelors of Economics & Statistics, Second Class Upper Division, from Kenyatta University. Brian has a penchant for Blockchain and Cryptocurrency because he believes the present systems will be altered by these innovations as they reign supreme as we gear towards the fourth industrial revolution or 4IR.

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