Bitcoin well positioned to help governments create cheaper CBDCs: Deloitte
Deloitte analysis shows how Bitcoin can help traditional fiat currency improve drastically in terms of speed, security, efficiency, cross-border payments. A new study from financial services giant Deloitte highlighted the potential of Bitcoin (BTC) as a base to create a cheaper, faster and more secure ecosystem for electronic fiat currency or central bank digital currency (CBDC).Deloitte’s analysis, titled State-Sponsored Cryptocurrency, pointed out the need for a complete redesign of the traditional fiat ecosystem to overcome impending issues of being “slow, error-prone and expensive....
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'Big Four' accounting firm Deloitte is now the owner and operator of its first bitcoin ATM. After a quiet unveiling yesterday in the downtown Toronto offices of Deloitte's Rubix blockchain division, the bitcoin transaction machine, or BTM, is now ready to exchange digital currency for Canadia dollars. The move by Deloitte to host a bitcoin ATM is being positioned by the founder of Rubix as a way for the company to teach its employees and others in the area about blockchain by going back to its roots. Now the strategy leader of Rubix by Deloitte, Iliana Oris Valiente, told CoinDesk:....
Blockchain technology is captivating audiences all over the world, and Deloitte wants to bring even more attention to this industry. The company unveiled its plans to create a new European blockchain lab in Dublin, which brings fifty new jobs the region as well. With so many companies all over the world exploring the boundaries of blockchain technology, more dedicated research labs are more than welcome. Accountancy firm Deloitte has been thinking along the same lines, and they will be rolling out a new blockchain technology lab in Dublin over the next 18 months. Deloitte Launches....
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar? The rapid growth of mainstream attention toward cryptocurrencies has forced the hands of numerous governments to create their digital alternatives. Over the past few years, interest from various jurisdictions has been pointed towards central bank digital currencies (CBDCs) — digital versions of government-issued fiat.Given their capacity to use blockchain technology to facilitate a simplified fiscal policy — not to mention calibrate privacy features and....
The study reveals that blockchain technology is well-positioned to take over more than 50% of the entire leasing and sale process across commercial real estate. Solutions built around blockchain technology offer several upfront benefits, including a censorship-resistant, irreversible distributed ledger. Deloitte’s study revealed blockchain’s position as a perfect fit for real estate use cases around leasing and selling.Blockchain innovations often outdo traditional systems by not only digitizing information but also introducing a near real-time trustless environment, among other features.....
Bitcoiners seem to be more aware of the dangers of CBDCs, which could enable governments to easily lock citizens out of their own wallets.