Deloitte Opens Up Bitcoin ATM
The accounting giant Deloitte, one of the "Big Four" (also including PricewaterhouseCoopers, Ernst & Young, and KPMG) accounting firms on the planet, has taken a giant leap forward into the world of digital currency and installed a Bitcoin ATM in one of their offices in Toronto, Canada, their Rubix blockchain division.
The machine, known as a BTM (Bitcoin transaction machine), will allow Rubix by Deloitte employees – and other people working in the building – to exchange their Bitcoin for Canadian dollars and vice versa. The idea is that Rubix employees get to learn about the use and functionality of the blockchain by actually using Bitcoin and getting more of an understanding of how digital currency moves around.
Iliana Oris Valiente, the strategy leader at Rubix by Deloitte said of the move to install the machine, "We see this as being an important milestone for us as an organization. It’s a move to improve accessibility and hands-on learning as first step toward greater blockchain adoption."
There are currently less than a thousand Bitcoin ATM machines around the world – 775 to be exact – and initial projections back in 2014 about them taking off for popular use have fallen somewhat short. The fact, however, that Deloitte – a "Big Four" company – has jumped onto the Bitcoin machine bandwagon could hope to breath some fresh air into the whole thing and make companies and business around the world take another look.