A Deloitte office in Canada already did such a test in 2017, but the volatility of the bitcoin rate increased sharply shortly thereafter. As a result, that test was aborted. Now that the exchange rate seems to be more stable, Deloitte Luxembourg will once again test the cryptocurrency.
Employees can pay for lunch with bitcoin. In this way, the company hopes to offer its employees a good opportunity to become acquainted with the technology and to investigate it. Laurent Collet, the partner of the Deloitte consulting branch, said to the Luxembourg times:
We think it’s a good way for our employees to review this new technology,
Cryptocurrency and therefore blockchain technology are nothing new for Deloitte. The big four audit company works together with three Irish banks in a test of a blockchain solution. This was apparent from a press release that was released last May.
The blockchain solution that the company tests together with the banks help with a number of data processes. The solution was developed on top of the Ethereum blockchain.
Another Luxembourg branch of a big four audit company, PricewaterhouseCoopers (PwC) accepts cryptocurrency as a payment method. Customers of the company can now pay for services with cryptocurrency, according to an announcement published in early September.