Last Updated: 23 June 2022
Deloitte and NYDIG are going to work together to implement bitcoin in as many places as possible. In this way, the American New York Digital Investment Group (NYDIG) hopes to be able to offer its software to more customers.
Collaboration for bitcoin adoption
Deloitte is a consulting firm that focuses on among other things, accountancy, tax advice, and consultancy. The strategic alliance they are announcing with NYDIG aims to “help businesses of all sizes implement opportunities with digital assets.”
In addition, they already mention a number of examples of the integration of bitcoin in banking, loyalty and reward programs, employee benefits, and much more.
Our collaboration with @Deloitte will create a centralized approach on advising financial companies of all sizes looking to implement Bitcoin products into their services. Together, we’ll work to accelerate adoption in a streamlined and compliant manner. https://t.co/K9vySRlMJI pic.twitter.com/CjDeJ48Exo
— NYDIG (@NYDIG_BTC) June 21, 2022
In the press release, the two companies write that consumers are increasingly looking to banks as a trusted party for financial services. Just as they are now doing with US dollars, they now want to offer this for bitcoin as well.
“We have started the journey to make bitcoin possible for everyone by embedding bitcoin portfolios into existing services. Deloitte is the perfect partner to help companies take the next step to start this kind of project and meet customer demand.”
Deloitte also sees benefits:
“We believe this alliance with NYDIG will further drive the company’s growth. It also shows that Deloitte is investing to enable innovation with digital assets.”
NYDIG was valued at $7 billion at the end of last year. At the time, it raised $1 billion in fresh money through an investment round via WestCap. In recent months, they entered into numerous new partnerships and made a number of acquisitions.
In late 2021, they bought British lightning app BottlePay for $300 million. They also “plugged in” their software to 100,000 wealth managers through a partnership with SIMON.
As if that wasn’t enough, 650 US banks can offer bitcoin services through a partnership between the New York-based company and the National Cash Register (NCR).