Bitcoin is currently becoming more accessible. It will only grow thanks to the initiatives of well-known businesses like Deloitte and NYDIG. In order to make access to digital materials easier, the two protagonists have formed a cooperation.
Democratize the use of bitcoin in business
Creating “a one-stop approach for clients seeking help in adopting bitcoin products and services” is the goal of the relationship between Deloitte and NYDIG (New York Digital Investment Group). Moreover, it will support
The official press release announcing this cooperation highlights the importance of combining the two performers’ respective strengths. First, there are the cross-industry blockchain and digital assets experiences of Deloitte. Companies looking for banking services and loyalty programs, employee benefits and loyalty programs, etc., will profit from this.
Observations from the Deloitte and NYDIG barons
President of NYDIG Yan Zhao
“We picture a world where the best levels of regulatory compliance are met while traditional financial infrastructure and digital asset infrastructure work together to provide the best possible customer experience. By incorporating bitcoin wallets into already-existing user experiences, powering bitcoin incentive programs, and enabling safe bitcoin lending, we have already begun to make bitcoin accessible to everyone. Deloitte is the perfect partner to assist businesses in moving forward in order to successfully complete these kinds of initiatives and rigorously satisfy client demand.
Based on the incidents of Goldman Sachs and Hoseki, we have highlighted ” bitcoin collateral loans “, which appear to be on the upswing at the moment. When it comes to incentives and loyalty programs based on BTC, their adoption will unquestionably ensure the accomplishment of the goals anticipated by the cryptocurrency community: the democratization of bitcoin.
Richard Rosenthal, Deloitte’s Director of Consulting Practice
The usage of digital assets will be central to financial services in the future, and we are committed to educating our clients on how to participate in a regulated and compliant manner. This partnership with NYDIG, in our opinion, will promote business expansion and is yet another illustration of the enormous commitment Deloitte is making to support the creation of digital assets.
A few sentences regarding Deloitte and NYDIG
The two businesses appear to have each developed significant strategies for the democratization of bitcoin.
For instance, NYDIG doesn’t think twice about collaborating with organizations like the American Bankers Association to encourage bank customers to use bitcoin. This method of operation has long been followed by the company. A second partnership was established in May 2021 with Fidelity National Information Services to accelerate the creation of a BTC storage, purchasing, and trading solution for American banking institutions. Its barons are hopeful about the adoption of bitcoin at the level of central banks, and even its democratization, for this reason among others.
On this matter, Deloitte is equally upbeat. In a recent research, she said that more than 80% of American retailers appeared prepared to use bitcoin and other cryptocurrencies in the near future. Other analyses predict that bitcoin will effectively contribute to the ecosystem of fiat currency or that it will completely replace it in ten years.
