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Deloitte Toronto office launches bitcoin payment option at internal restaurant

Big four accounting firm Deloitte announced that it is now accepting bitcoin payments at its Toronto office’s internal restaurant ‘Bistro 1858’, following its bitcoin ATM (BTM) installation in fall 2016.

Deloitte’s office in Toronto has seen a tremendous adoption and understanding of cryptocurrency and blockchain technology, after the installation of BTM. The recent announcement is the result of its goal in making users to buy bitcoin from the BTM and then pay for a meal in the Bistro 1858 in bitcoin, the release stated.

“By allowing individuals to buy and sell bitcoin with our BTM, and now to buy their lunch with bitcoin, we’re demonstrating that the blockchain experience for the front-end user is not all that complicated. What is important to realize, however, is that the back-end technology has fundamentally changed,” Iliana Oris Valiente, Strategy Leader, Rubix by Deloitte, stated.

The amount of bitcoin purchased through the BTM and then subsequently spent would be reflected in their wallet app almost immediately.

Deloitte has cooperated with Benchmark Hospitality for Bistro 1858, and have been working together to integrate bitcoin payment processing with their present Point-of-Sale system and procedures. Both Deloitte and Benchmark have selected BitPay, a leading global bitcoin payment service provider, to accept and settle transactions.

“We're excited to see a leading company like Deloitte exploring the possibilities with bitcoin payments,” Stephen Pair, BitPay CEO, said. “We hope this test case will show users on a small scale what bitcoin can do for online payments and what BitPay is doing for businesses transferring value globally.”

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