To enable businesses to access financial services based on Bitcoin, big four accounting firm Deloitte has partnered with New York Digital Investment Group (NYDIG), a company that specializes in Bitcoin-related financial services.
The newly established association will concentrate on providing financial services connected to Bitcoin to businesses of all sizes. Among its target markets are banking, consumer loyalty and rewards programs, employee benefits, and other industries.
Two companies will work together using a collaborative strategy that uses Deloitte’s multidisciplinary professional services and NYDIG’s complete bitcoin financial and technical goods and services, according to the official statement.
The cooperation will focus on boosting asset adoption while adhering to the current regulatory framework since customers are actively searching for reliable exposure to Bitcoin.
“The future of financial services will center around the use of digital assets, and we are focused on advising our clients on ways to engage in a regulated and compliant way,” stated Deloitte’s Richard Rosenthal.
NYDIG is now collaborating with powerful banks and insurance companies to provide BTC-related services. To allow businesses to use such services while only dealing with a small number of on-chain transactions, it intends to establish banking on Bitcoin.
It introduced a plan in February that enables workers at partner businesses, including Everbowl, MVB Bank, StretchZone, and others, to be paid in Bitcoin. Employees may even choose how much of their pay, with no transaction costs, would be converted to bitcoin via the initiative.
It is no longer a secret that Deloitte is interested in cryptocurrencies. The multinational provider of professional services has carried out many polls and noted the promising future of cryptocurrency as a form of payment. For starters, it claimed that by 2026, cryptocurrency payments would be pervasive across all sectors, according to 85% of merchants.