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Deloitte test runs Bitcoin payment by allowing Luxembourg staff to use it for buying lunch

One of the “Big Four” audit and accounting firms, Deloitte, has stepped forward to integrate Bitcoin in its Luxembourg ecosystem. In an effort towards the same, the organization is performing a trial run so that its staff can make payments using Bitcoin for their lunch. This is considered to be a crucial step as the […] The post Deloitte test runs Bitcoin payment by allowing Luxembourg staff to use it for buying lunch appeared first on AMBCrypto.

Staff At Big Four Auditing Firm Deloitte Can Pay For Lunch Using Bitcoin

Deloitte, one of the Big Four auditing firms is allowing employees to pay for their lunch in the cantine using Bitcoin (BTC). The information was reported by the […] The post Staff At Big Four Auditing Firm Deloitte Can Pay For Lunch Using Bitcoin appeared first on UseTheBitcoin.
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Deloitte Tests Bitcoin (BTC) Payments for Staff

Deloitte is offering Bitcoin (BTC) payments to its staff as a test for adoption, reported the Luxembourg Times. Bitcoin payments may be returning as BTC now carries more transactions for lowered fees. BTC Once Again Attractive for Payments Deloitte has launched limited BitPay options for its employees. BTC payments were available back in 2017 in one of the Toronto offices of the audit firm. But only months after the test run, BTC prices went wild, breaking all records at the end of the year. Increased volatility also hurt the usage of BTC for everyday expenses. “We think it’s good to have our employees assess this new technology,” said Laurent Collet, a partner at the advisory arm of the company. Now, BTC prices have stabilized again close to $10,000, offering a more predictable basis for price calculation. BTC exchanges for $10,221.54. Paying with BTC was widespread in the early days of the network. But lately, analysts track most activity to moving coins to and from exchanges. Usually, the Bitcoin network will show high transaction loads when the price is rising and traders attempt to sell coins. There is also a strong ethos of “hodling” BTC, instead of using it as a means of payment. But BTC is one of the most liquid coins, exchangeable for currency as needed, and thus preferred by merchants. A BTC transaction costs currently around $0.51, unless priority status is paid for. But on days with higher activity, transactions may cost a few dollars, not suitable for micropayments. Paying with BTC has significant setbacks, especially after the introduction of new rules against money laundering. The test of Deloitte will be in-house and on a small scale. But globally, paying with BTC is no longer as straightforward. Even BitPay has established KYC procedures and limits the amounts to be paid globally. Deloitte Drives Blockchain Adoption Deloitte is no stranger to the intricacies of blockchain and digital coins. The accounting firm has been exploring the crypto space for years, for the promises and risks of various projects. The company has an in-house blockchain team and has opened several research centers worldwide. Deloitte has tested numerous applications of blockchain technology. The firm also tested Ripple’s payment system. What do you think about Deloitte starting Bitcoin payments? Share your thoughts in the comments section below! Images via Bitcoinist Image Library The post Deloitte Tests Bitcoin (BTC) Payments for Staff appeared first on
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HUGE Altcoin Updates! Stellar, Binance US, Tomochain, Digibyte, NEO, Monero, Bitcoin Bakkt

Binance Adds BNB to Binance US A brief history of the world of crypto. Plus, all of the latest news and updates from the Stellar Developers ecosystem How TomoChain’s TomoZ intends to take on Ethereum market share! Virtual Rehab with Virtual Reality is now solving real-world problems Celer Network and NEO Are Launching a Partnership Bitcoin #Bakkt Tweet Big! #Monero ready to use Zcoin’s Privacy protocol #digibyte lists on UpHold #bitcoin #cryptocurrency #altcoin #altcoins #crypto #btc $BTC #bitcoinprice #ethereum #electroneum #cardano #enjin #hpb #digibyte #bitcoinnews #btcnews #libra #chainlink #ripple #xrp #xrpripple #binance #bitcoinnewstoday #cryptonews #litecoin #cryptocurrencynews #news Bitcoin cryptocurrency altcoin altcoins crypto btc $BTC bitcoin price ethereum electroneum enjin cardano digibyte bitcoin news btc libra chainlink ripple xrp ripple Binance bitcoin news today crypto news Litecoin cryptocurrency news hpb high performance blockchain $xrp $enj $etn $ltc $dgb $ada NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Celsius Network Offers up To 12% APR on USDC, TUSD, USDT and Other Stablecoins

The Celsius app offers the industry highest rates and supports six different stablecoins all eligible to earn up to 12.03% annually with interest paid out weekly Celsius Network (, the industry-leading cryptocurrency platform, announces today it has increased interest rates for stablecoin deposits to 12.03% APR. Users who choose to earn interest in Celsius Network's blockchain-based CEL token can earn up to 30% more than the 9.25% depositors who are paid in-kind on their coins. Celsius is raising its rates because it is consistently earning higher returns on its deposits and distributes 80% of its income to its depositors; as it earns more, it distributes more. Unlike other platforms, ...Full story available on

VanEck, SolidX Pull Bitcoin ETF Filing From SEC Consideration

Less than two weeks after VanEck and SolidX rolled out the VanEck SolidX Bitcoin Trust ETF (XBTC), a bitcoin exchange traded product aimed at institutional investors, the firms said they're withdrawing plans for bitcoin exchange traded fund aimed at a broader swath of investors. What Happened The ETF issuer and the fintech firm pulled the filing from consideration by the Securities and Exchange Commission on Sept. 13. The agency had delayed an ultimate decision on that product, as it has with various other bitcoin ETF proposals, several times, but was facing a hard and fast deadline of Oct. 18 to approve or disapprove the VanEck SolidX Bitcoin Trust. “Tuesday’s filing marks the second time VanEck and SolidX withdrew the proposed ETF. ...Full story available on

IOTA Introduces Chronicle Permanode to Amend Scalability Issues

IOTA, a permissionless trust protocol designed to revolutionize the Internet of Things (IoT) ecosystem by facilitating a frictionless exchange of value between machines and humans, has announced the launch of Chronicle, a permanode solution the team hopes will give node operators an unlimited amount of storage space in their Tangle distributed database, according to aRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Wells Fargo Plans Blockchain-Based Internal Settlement Services

The world’s fourth-largest bank, Wells Fargo, announced plans to use its digital token to pilot internal settlement services, which would run on its distributed ledger technology (DLT) platform. Per the press release September 17, 2019, the pilot project is expected to take off in 2020 and would initially focus on USD transfers.  Digital Token forRead MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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